China Abrasive Materials Weekly Price (14-20 NOV): Markets brace for a downturn
This week, as the price of raw material alumina stopped falling and stabilized, most white corundum manufacturers in China continued to firm up the price. Although the downstream demand is still week, enterprises also mostly maintain regular orders, supported by production costs, it is expected that in the coming week, white fused alumina prices or continue to be softening.
Although the downstream market demand is still weak, due to the high production costs, most brown corundum producers in China continue to firm up the price. According to industry sources, the market price of brown fused alumina has almost gone down to cost. It is expected that the market price will maintain the current level in the rest of the year.
Since the beginning of November, downstream demand and market condition have continued to be weak. However, supported by the high price of raw materials, most black silicon carbide manufacturers have maintained the current product offer. It is expected that in the coming week, the price of black silicon carbide will continue to be stable.
This week, most green silicon carbide producers in China tend to keep their product prices stable due to high petroleum coke prices. It is expected that in the coming week, the price of green silicon carbide in China may continue to run at a stable level.