The demand is nearing its end,and the industry is entering a seasonal accumulation,with significant accumulation in North and East China.However,the inventory pressure from manufacturers is not high,and the willingness to reduce prices is not strong.The main operation is to raise prices,and the price difference between the north and south is expanding,with North China materials moving south.The industry has good profits.Recently,the 1000T/D production line of Mingxuan in Yangjiang,Guangdong has ignited and resumed production,and the supply has fluctuated at a high level.It is expected that the maintenance volume in winter will not be large,and the supply will remain high.In the off-season of demand,rush orders are coming to an end,downstream procurement is cautious,and the upward drive is not strong.However,inventory is currently low,and it is expected that there is not much room for a significant decline.Futures prices may fluctuate in the range,and attention should be paid to whether there is a willingness to stock up in the middle and lower reaches before the holiday.