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Echemi Market Analysis (Update on 2017-11-13)

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Previous Price:$1450/MT (Reference Price)
Current Price:$1470/MT (Reference Price)  $20/MT
Analysis: The operating rate was low and delivery date was December. The downstream demand was flat with only basic purchase. It is expected that the Chinese market will move sideways. The supply in East China and Shandong was still low, delivery date late. The South China downstream demand entered low season. The inventory was low. Price was stable at a high level, and delivery was difficult. The reference price was $1,470/mt FOB Tianjin.
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