VFY price of China kept rising in the first half of 2022

VFY price of China kept rising in the first half of 2022, which was mainly driven by higher cost and orders, especially demand from export market. The inventory declined apparently when the supply was reducing, which further triggered the intention of price rise by VFY companies. At the same time, pulp and chemicals kept hiking and electricity price also went up, so VFY producers were still under pressure, but gross profit could sustain.