China Abrasive Materials Weekly Price (16th-22nd Mar): Abrasive Market Has Responded To Coronavirus
This week, due to the spread of coronavirus abroad, market demand may show signs of decline. In order to promote transactions, some white fused alumina companies agreed to reduce the margin on the small scale. In addition, with the recent fall in the price of raw material alumina, the price of white fused alumina may tend to decline.
This week, as the outbreak of coronavirus occurred globally, the brown fused alumina market demand further weakened. Some companies that had previously held stocks began to reduce prices in order to stimulate market demand. The price reduction was around 50-100 RMB/ ton. Other companies are forced to follow price cuts in order to secure orders.
3. Black Silicon Carbide
This week, due to the stable price of black silicon carbide, it is expected that the price of black silicon carbide abrasives in China will also run smoothly in the coming week.
4. Green Silicon Carbide
This week, most of the green silicon carbide primary block production enterprises in Xinjiang resumed production gradually. The supply gradually became sufficient and the market performance became more active. In addition, during the shutdown period, almost all the companies are cleaning up the inventory, so the current enterprise inventory has been basically digested, there is no inventory pressure. It is expected that the prices of products such as green silicon carbide blocks, abrasives, and fine powder will remain stable in the coming week.