Qingdao (China): Throughout March xxxx, the Calcium Carbide market mirrored China&#xx;s downturn, mainly due to sluggish demand in downstream industries like PVC, steel, welding, and others, stemming from a construction slowdown in China. Additionally, the enduringly low prices of feedstock coke and coal have contributed to reducing the production costs of Calcium Carbide amid a slow economic resurgence.
The pricing of Calcium Carbide in the domestic market persisted in its weakness, indicative of an overall dearth of demand from end-users. Enterprises grappled with mounting losses, prompting some to enact shutdowns or curtail production to alleviate inventory pressures. Despite efforts to mitigate these challenges, demand from downstream industries like PVC and steel remained subdued, largely due to the slowdown in the construction sector post the Lunar New Year.
China&#xx;s property market has encountered successive hurdles since xxxx, beginning with a regulatory crackdown on developers&#xx; high leverage, which...
