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, p
VFY price further increase in Nov. The supply was still restrained with operating rate of the industry around 70%. Sales in China local market kept relatively mild, while exports performed better. In early Nov, downstream plants raised run rates with the relieving power rationing policy. Moreover, o