H-Acid Chaos 6: The RMB 200,000 Letter

China H-Acid went vertical over the weekend. Market average transaction prices jumped 11.54% in a single Sunday session to RMB 145,000/MT and a Tianjin Yadong Longxing price letter has now set a list price of RMB 200,000/MT effective 20 September. From a cycle low of under RMB 40,000/MT, the list price is up roughly five-fold. This is the sixth note in our H-Acid Chaos series.