Although the domestic DMC market prices have remained stable this week, actual transactions have quietly declined, with some companies offering significant discounts to core customers, resulting in transaction prices falling to 13850-13950 yuan/ton. The market is showing a trend of "clear stability and hidden decline". However, an international news story is shocking! On April 1st, a severe gas pipeline explosion occurred in Selangor, Malaysia, instantly causing a large fire and leaving the scene in chaos.
According to official media reports, the accident has caused 112 injuries and a large number of houses and cars to be damaged. This sudden disaster undoubtedly brought huge pain and losses to the local residents. In the domestic market, the pressure on the supply side continues to increase, and enterprise inventory is rising. Some manufacturers are lowering prices and promoting sales to alleviate the pressure. The demand side appears weak, while downstream only maintains essential replenishment.
Industry chain professionals analyze that the market will enter a critical stage of "rising prices vs. destocking" in April. If the weekly signing volume can exceed 100000 tons, the market may tentatively increase. Otherwise, it may trigger a second round of production cuts, with a magnitude of 10-15% of the current production capacity. In the ever-changing domestic and international markets, we need to closely monitor market trends, seize opportunities and challenges.