Will prices rise again? The raw material market is stable and rising
This week, the benchmark price of major UPR raw materials saw a slight decline compared to the previous week, with the decline not exceeding 1%.
With two-thirds of September already passed, it's clear that the "Golden September" period hasn't been particularly strong, but orders have shown some improvement compared to the off-season.
With so many suppliers and so little supply, a mere improvement isn't enough, leading most to believe the market hasn't been booming.
With the National Day holiday approaching, downstream demand will see a small surge in stocking, and the future trend for resins is expected to be stable with a slight upward trend.
The glass fiber market saw another wave of price adjustments at the beginning of the month, with some companies issuing price adjustment letters, with price increases of 5-10%.