China Abrasive Materials Weekly Price (17-23 Aug): Abrasive material prices tend to stabilize
This week, due to the stable price of raw material alumina, the price of white fused alumina in China also remained stable. In addition, with the recent substantial jump in overseas alumina transaction prices, it may also drive domestic alumina prices to bottom out and rebound. The industry also generally predicts that domestic alumina prices may not rise sharply in the second half of 2020, but may rise steadily. It is expected that in the coming week, China's white fused alumina prices may stay firm.
This week, due to continued weakness in market demand, the operating rate of bauxite smelting enterprises in Henan remained at a low level. In Qingzhen, Guizhou Province, a month-long inspection of bauxite mines was carried out in early August, and most local companies stopped production, which resulted in a tight supply of raw bauxite ore. The operating rate of smelting enterprises in Jiexiu, Shanxi Province is the same as last month, but the continuous supply capacity is still poor. The lack of bauxite raw ore in the local industry is still one of the major problems that need to be resolved.
Brown fused alumina export market orders have increased this week, showing signs of continuous recovery, and the overall market is operating smoothly. In addition, the recent increase in environmental protection inspections and safety production inspections in Henan Province may have affected the normal production of a few still producing enterprises. It is expected that in the coming week, supported by strong raw material costs, brown fused alumina prices may remain stable.
This week, black silicon carbide market has slow transactions, but manufacturers tend to stick to current prices. It is expected that in the coming week, the price of black silicon carbide abrasives in China may remain stable.
This week, the market demand for green silicon carbide in China is still weak. However, manufacturers tend to remain prices, and it is expected that in the coming week, green silicon carbide prices may remain stable.