China Abrasive Materials Weekly Price (13-20 MAR): Manufacturers grapple with market slump
According to Antaike research, as of March 17, 2023, China's alumina spot index was 2,921 yuan/ton, and the national average price of alumina was 3,133 yuan/ton, with alumina prices running steadily.
This week, the white fused alumina market continued its sluggish trend. Affected by the market downturn, the transaction volume is expected to decline, and the price of white fused alumina may also run weakly and steadily.
Due to the significant difference in the quality of raw bauxite ore, the market turmoil has led to intensified market polarization, and the supply of high-grade calcined bauxite is even tighter.
Brown fused alumina downstream demand is even weaker, and the enterprise operation load continues to decline. As white fused alumina, pink fused alumina and other substitute products continue to squeeze the market, there is a broadly bearish view of brown fused alumina market. Expected in the coming week, brown fused alumina prices will be in weak operation.
This week, China's black silicon carbide market is running weakly. However, supported by the high production cost, it is expected that in the coming week, the price of black silicon carbide may run weakly and steadily.
Despite the weak market demand, due to the firm price of raw materials petroleum coke, China's green silicon carbide manufacturers generally firm up product offers. It is expected that in the coming week, green silicon carbide prices will still remain stable.