China Abrasive Materials Weekly Price (12-18 July): Abrasive prices continue upward trend
This week, due to the recent stable market demand, most white fused alumina manufacturers have no inventory pressure, and product prices have also remained firm. However, in view of the cost pressure caused by the increase in the price of raw material alumina, some companies intend to increase the price. It is expected that the price of white fused alumina may rise in the coming week.
This week, the price of brown fused alumina remained stable after rising. Affected by the safety production policy, smelting enterprises in Dengfeng city of Henan Province are still in suspension, and the market supply is tight. In addition, some local processing enterprises are preparing to resume production, but the brown corundum blocks are still purchased from outside, and the production cost is at a high level. In summary, it is expected that in the coming week, due to multiple factors such as corporate electricity price increases, raw material prices, and no inventory pressure, some brown fused alumina manufacturers plan to continue to increase prices and expect that brown fused alumina prices may continue to rise.
Due to the continuous increase in the price of raw material anthracite, black silicon carbide abrasive manufacturers continue to raise their product prices by about RMB 50/ton in this week. In addition, due to high production costs, manufacturers intend to firm up prices and refuses to sell at low prices. It is expected that in the coming week, the price of black silicon carbide may remain firm.
This week, due to the rising prices of raw materials such as petroleum coke, most green silicon carbide manufacturers raised their quotations. It is expected that in the coming week, considering the acceptance of downstream abrasive companies, the price of green silicon carbide abrasives may show an upward trend.
Market News
1. Alumina prices are firm.
According to Antaike's research data, as of July 19, China's alumina spot index was RMB 2486/ton, and the national average alumina price was RMB 2875/ton. This week, China’s alumina price remained strong and was generally stable.
2. Bauxite prices rose slightly.
Recently, the restriction on the mining of bauxite raw ore in Shanxi Province has continued, and the resource of high-quality minerals has dropped sharply. According to the analysis of local market participants, the supply of high-grade bauxite raw ore in Xiaoyi of Shanxi Province may face unsustainable risks. In addition, affected by the recent increase in coal prices, the price of high-grade mature bauxite in China has risen by about RMB 20/ton. It is expected that in the coming week, high-grade bauxite raw ore and cooked bauxite market supply may remain tight, and prices may remain high and firm.
3. Henan Province swamped after heaviest rain.
China's central Henan province were under water on Wednesday, with its capital Zhengzhou hardest-hit after being drenched by what weather watchers said was the heaviest rain in 1,000 years.