After a long vacation Chinese markets opened on Monday. With opening of the week the significant slash in SM prices was observed. This has been basically due to weak purchasing of chemical. Prices in the domestic market were assessed in the range of 1050-1150/tonne Yuan, reduced by 150 /tones Yuan.
Moreover the other major downstream producers have already stocked the material before vacation in order to avoid any scarcity of chemical after re-opening of market.
