China Abrasive Materials Weekly Price (10-16 APR): Abrasive market recovery ‘uncertain’
According to Antaike research, as of April 14, 2023, China's alumina spot index was RMB 2,896/ton, and the national average price of alumina was RMB 3,103/ton, with alumina prices running weakly and steadily.
This week, affected by the weakening of raw material alumina prices, China's white corundum prices are running weakly and steadily. It is expected that white fused alumina market recovery still shows uncertainty.
Under the tight supply of Chinese high-grade bauxite raw ore, the calcined bauxite price remained high, leading to brown fused alumina prices continuing to run stable. It is expected that in the coming week, due to the weak market demand, with the inventory level rises, the price of brown fused alumina may decline slightly.
Affected by the weak downstream demand from domestic as well as overseas market, China's black silicon carbide prices continue to run on a weak trend. It is expected that obstacles will remain in the recovery of the market.
China's green silicon carbide prices still maintain a downward trend, but with the recent recovery in the price of raw materials petroleum coke, green silicon carbide prices are expected to stop falling and stabilize.