China Abrasive Materials Weekly Price (11-17 JUL): Enterprises cut production to support price
This week, the shipment quantities of white fused alumina in production hubs such as Henan, Shandong are still weak, and some producers chose to reduce production. It is expected that the current situation will last for some time. In addition, as the alumina prices have been running stably for a month, supported by this, white fused alumina prices are also in stable operation, and it is expected to appear no significant short-term fluctuations.
This week, while the supply of high-grade bauxite raw ore and cooked bauxite is remaining tight, the low-grade bauxite is poorly shipped. Downstream enterprises are less active in purchasing, and the wait-and-see sentiment increases. In addition, brown fused alumina enterprises still have a low operation rate, and the shipments quantities are low, and the inventory has increased. However, affected by the high-cost pressure, brown fused alumina product profit margin is weak, and the enterprises insist to hold the price. It is expected that in the coming week, brown fused alumina prices will be stable.
Due to the continued weak downstream demand, some black silicon carbide appear certain inventory this week, and China's black silicon carbide prices are in weak and stable operation. Because of the high production cost support, it is expected that in the coming week, most of the black silicon carbide manufacturers will continue to firm up the product offer.
This week, due to the stable price of green silicon carbide raw blocks, China's green silicon carbide prices continue to run stable.