China Abrasive Materials Weekly Price (1-7 MAR): Willingness to increase prices continues to rise
This week, as the raw material alumina price remained basically stable, most white fused alumina manufacturers intend to maintain price stability. Therefore, it is expected that the price of white fused alumina in China may remain stable in the coming week.
This week, as most downstream abrasive tools clients returned to the market successively, the market became more active, therefore brown fused alumina inquiries increased. In addition, considering the current domestic raw material price hikes and other factors, some companies are optimistic about the future price trend of brown fused alumina. It is expected that in the coming week, the price of brown fused alumina in China may be stable.
Since the adjustment of the electricity price policy in Gansu Province, the production cost of most local black silicon carbide companies has risen by about RMB 200-300 /ton. If the previous price is maintained, the production and operation of the company will be in a state of loss, so most local companies have raised their quotations. Overall, due to the high cost of black silicon carbide, it is expected that in the short term in the future, the price of black silicon carbide in China may be in an uptrend.
This week, China’s green silicon carbide manufacturers began to resume production. As the price of petroleum coke rose sharply by about RMB 150/ton during the Spring Festival, market participants expect that in the coming week, the price of green silicon carbide will increase with the price of petroleum coke. The increase may be around RMB 200/ton.