Almost half of traders of HDG in China had exited the market by February 1 ahead of the Spring Festival/Chinese New Year holiday, while more traders left the market on February 4 or 5. At present, there are hardly any transactions in the market, while offer prices have mostly remained stable.
Traders are optimistic on the prospects for the market after the holiday due to cost support and shortages of supply. Based on previous years, it is thought that there is a 90 percent probability that HDG prices in the Chinese domestic market will rise after the holiday.