The downward trend persisted into Q1 2025, with prices decreasing by 3.66% to USD 448/MT. The market remained under pressure due to subdued post-holiday demand and a sluggish construction sector. Extended factory closures during the Lunar New Year, along with limited activity in key downstream applications such as tile adhesives and cement additives, contributed to weak buying interest. Despite a slight recovery in feedstock prices, ample product availability and aggressive pricing by smaller regional producers led to intensified competition, further dragging down market values.








