However, in the month of April, increased trading activities and inventory stockpiling helped to mitigate supply shortages and meet the requirement of downstream industries. As a result, during May, market participants adjusted their procurement strategies to align with stabilized demand with normalized market condition, with the market remaining stable during the month. However, in the last month, according to market analysis, due to competitive market conditions and large stock volumes, market players maintained a gloomy price momentum due to weak demand fundamentals and subdued spot activity across the globe.