Chinese New Year 2023 is not end now, but time for our report.

 

1. Chinese New Year: Jan.22 ,2023 is the most important festival for the whole Chinese people--Chinese New Year day and from Jan.21-Jan.27 are the public holidays for the country, and more than hundred millions people moved for returning home town or going journey . Especially this year is the first year open after 3 years COVID in China, now all the Government and state-owned company have already returned to work, but for the private company, the working time are different and everything going to regularly will be after Feb.06,2023. Feb.05,2023 is the last day of Chinese New Year season.

2. COVID-19: In Dec.2022 and beginning of Jan.2023, COVID was spreading in China, all China were in the sick. But before Chinese New Year holidays, the COVID was disappeared suddenly just like its appeared, more and more people were on the way for returning home town or going tourist . During Chinese New Year, most domestic market related to the Tertiary Industry recovered say 80%-90% of 2019 which showed domestic economy is recovering .

3. Currency Rate: Now RMB rate is keeping going down say around 9% against US dollars which will influence export US dollar price much.

 

Then let us back to pigment and its raw material industry:

 

1. DCB: During holidays, most factory stopped and now only some factory just came back and the situation is not clear and the price related to the ONCB price much. As our own opinion , the DCB price will be stable if ONCB price  not going up too much.

 

2.AAA series products: This series products price will be stable although raw material Acetic Acid and Aniline price are a little going up now(except some accident make one raw material price going up so much).

 

3. Naphthalene series products: Present price showed the price are stable .

 

4. Other pigment and its raw material : Present price are the same as price before holidays. No information support price decreasing.