China Abrasive Materials Weekly Price (17-22 AUG): Further heavy rains hit Henan
This week, supported by the continuous rise in the price of raw material alumina and the tight supply, most of the white fused alumina manufacturers raised their product prices by about RMB 50/ton.
Given the strong willingness of manufacturers to increase prices, it is expected that in the coming week, as production costs increase, the price of white fused alumina may rise further.
This week, although most brown fused alumina manufacturers have no inventory and intend to raise their product prices, the downstream abrasives companies are resolute in opposing price increases, so the brown fused alumina prices continue to run steadily this week.
It is expected that in the coming week, brown fused alumina market price is expected to rise at any time.
This week, supported by the continuous increase in the price of raw material anthracite, the price of black silicon carbide continued to maintain a steady trend.
This week, due to the increase in production costs, most green silicon carbide manufacturers raised their product prices by about RMB 100/ton. It is expected that the price of green silicon carbide may rise further in the coming week.
5. Henan Province encountered a new round of heavy rains
From August 21 to 24, a large-scale rainfall from west to east and north to south will affect Sichuan, Chongqing, Shaanxi, Henan, Hubei, Shandong, Anhui, Jiangsu and other regions. Sichuan, Chongqing, Shaanxi, Henan and other places have the worst rainfall.
Some areas in Henan, such as Zhengzhou, Kaifeng, Luoyang, etc., will be hit by heavy rains again after they were hit by floods in the early stage. In response to this rainfall, the local government has launched a second-level emergency response, and some areas such as Xingyang and Changyuan have launched a first-level emergency response for urban flood control. Affected by this, many urban areas in Henan have suspended work and production and classes.