China Abrasive Materials Weekly Price (14-20 MAR): Prices hold firm as cost run steadily
Although the downstream demand is relatively cold this week, most of the white fused alumina suppliers intend to maintain the stability of the product price because the enterprises have no inventory pressure. In addition, due to the recent stabilization of alumina prices, it is expected that the price of white fused alumina may run smoothly in the next week.
This week, most brown fused alumina manufacturers in northern China resumed production successively. Due to the support of rising production costs, manufacturers intend to maintain product price stability. However, due to the weak demand from downstream abrasives companies, the market has a strong wait-and-see sentiment. It is expected that in the coming week, with the release of the production capacity and sufficient spot supply in the market, the price of brown fused alumina may show a weak and stable trend.
This week, supported by rising raw material prices, most black silicon carbide manufacturers still intend to increase the price. However, as downstream abrasives companies refuse to purchase at higher prices, the price of black silicon carbide is basically stable this week. It is expected that in the next week, supported by the high cost of raw materials, the price of black silicon carbide is still likely to rise.
This week, supported by the rise in coke prices, most green silicon carbide manufacturers further increased their product quotations by about RMB 300 /ton. As the price of coking coal may still run strongly in the near future, it is expected that the price of green silicon carbide may maintain an upward trend in the coming week.