As of Jan 9, China’s EG market saw modest price increases:
East China ex-works: 3709 CNY/ton (up 11 CNY, +0.3%)
South China short-haul delivered: 3870 CNY/ton (up 20 CNY, +0.5%)
Asia CFR China: 448 USD/ton (up 1 USD, +0.2%)
Shandong delivered: 3650 CNY/ton (stable)
After the uptick, the market entered consolidation on Jan 9: Zhangjiagang spot traded 3706–3708 CNY/ton (narrow fluctuations amid balanced buying/selling), while South China’s upward quote attempts met limited buying interest, keeping trading sluggish. Spot spreads weakened further, reflecting cautious market sentiment post-small gains.