China Abrasive Materials Weekly Price (13-19 JUN): White corundum prices slightly down
This week, despite the firm production costs, because of the sluggish downstream demand, coupled with the gradual increase in enterprise inventory pressure, some white fused alumina manufacturers have decreased the product offer by around RMB 50/ton. It is expected that in the coming week, white fused alumina prices will be weak and stable.
This week, affected by the weak downstream demand, brown fused alumina prices have fallen slightly. However, due to the strong support of production costs, manufacturers still have strong willingness to support prices, and is expected in the coming week, brown fused alumina rice may remain stable.
In addition, because of the recent price cuts in white fused alumina, further widening the price gap with brown fused alumina, downstream abrasives companies’ willingness to replace brown fused alumina by white fused alumina has increased, by this impact, brown fused alumina prices may be affected.
This week, although the downstream market demand is low, because of the high production costs, most of China's black silicon carbide producers firm up product offerings.
Although the downstream demand is sluggish, due to the high production costs, most green silicon carbide production enterprises take the initiative to reduce production to support prices. It is expected that in the coming week, supported by production costs, China's green silicon carbide prices may continue to run smoothly.