China Abrasive Materials Weekly Price (17-23 APR): Market demand is picking up
Recently, the alumina overcapacity problem had raised wide concern, according to Antaike research, as of April 21, 2023, China's alumina spot index was 2,891 yuan/ton, and the national average price of alumina was 3,101 yuan/ton, with alumina prices running weakly.
Affected by the price trend of alumina, China's white fused alumina prices are also holding firm. It is expected that in the coming week, with the overall economic recovery expectation, white fused alumina prices may be in stable operation.
This week, with a 4.5% expansion in Q1 GDP, the market demand for bauxite also showed a rebound and the product price tended to stabilize. In Shanxi Province, some kilns are in projects of gas delivery method converting from pipeline delivery to filling gas delivery, which increases the cost of using gas. In summary, coupled with the tight supply, China's high-grade bauxite prices continue to be high and firm. Supported by the cost, the price of brown fused alumina continues to run steadily.
China's black silicon carbide prices continue to run on a weak and stable trend, with some companies slightly lowering the prices to promote sales.
The price of green silicon carbide remained stable this week. It is expected that in the coming week, the price will hold firm due to the coming 5-day break Labor day holiday.