In Chinese domestic market, the price of low-grade product of 5.5.3 grade was slightly up by CNY350 per ton from the end of February. Chinese customers have a strong buying motivation, and the contracts are made even with increased prices. There is an anticipation of a price fall owing to price drop like the product price as a result of the decreased production cost due to done application of a comparatively high electricity rate for a low-water season, in fact this is because of buying movement to give a priority to procurement of spot goods.

 

As to the export, the shippers were sick to the high price and the trading was thin. In Japan, the customers focus on purchasing cheap products, and in case the impression is strong on the price in Japanese yen, many of the customers refrain from buying. On the one hand, there are also the customers which give a priority to procurement of spot goods, and therefore the higher quotation remained unchanged from the prior one.