With low-priced CRC supplies entering the market in China, domestic CRC prices declined further in China, also amid market players' efforts to sell off materials in order to bring in cash towards the end of the month. Market participants think that prices will not decline much further in the near term as some supply shortages have been seen. The market is keeping a close eye on the 18th National Congress of the Communist Party of China, with some market players expecting to see positive developments.
It is thought that CRC prices in China will move on a slight downward trend in the coming week.