A Review of Recent PMDI Market
2019-05-16    [Source:PUdaily]
PUdaily, Shanghai-- The PMDI price dropped sharply last week, with low-priced goods frequently heard on the market. Price in the distribution channel fell below RMB 17,000/ton to reach RMB 15,500-16,000/ton. The difference between the higher and lower prices widened. This is a result of sluggish demand, financial stress caused by high inventories, low-priced goods supplied by certain manufacturers and the Sino-U.S. trade war. On the demand side, the overall demand remained stable. Let's look at China's macroeconomic performance from January to April. In the first quarter, China's GDP grew by 6.4%. The added value of industrial enterprises above designated size in strategic emerging industries increased by 6.7% compared with the same period last year. That of industrial enterprises above designated size in hi-tech industries rose by 7.8% from the same period last year. The Purchasing Managers Index (PMI) for March stood at 50.5. It was the first time in 3 months that the index had entered the expansion range. That for April was 50.1, still within the expansion range......
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