Global demand picks up amid progress on the COVID-19 vaccination around the world. Still, re-lockdown in Europe and the United States due to pandemic re-escalation may impede global production recovery and the global supply shortage. China may benefit from said situations in Europe and the United States (US), as China’s exports grew at a brisk pace in March, jumping 30.6% while imports rose 38.1% in US Dollar terms compared to a year ago.

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