E-mail:bxj@baiinfo.com May 07, 2024 Tuesday US$1 = RMB 7.1002;
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BAIINFO Highlights-China GPC Market Faces Some Pressure amid COVID-19 Outbreaks


Source: BAIINFO      Update Time:2022/3/17 10:22:57     【Print】【Collection】
Keywords: GPC
Summary: BAIINFO-China, Domestic GPC market faces some downside pressure due to intensive COVID-19 outbreaks in several provinces. Combined with hampered logistics and high cost, downstream users turn cautious about restocking GPC. Yet, overall demand is still good, thus mainstream GPC prices will not drop significantly in short time. Up to Mar.15, 2022, average market price of domestic GPC stands at RMB 4,250/T, up 8.38% over that in late Feb.

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