China Abrasive Materials Weekly Price (17-23 OCT): Market stays in sluggish growth
This week, due to the continued decline in the price of raw materials alumina, as well as the sluggish downstream demand, China's white fused alumina prices continue to run weakly. Some cities in Henan province have implemented curbs to response Covid, some small enterprises have been shut down, and the logistics are restricted. It is expected that in the coming week, as the raw material alumina prices is supposed to continue to fall, the white fused alumina prices or will remain stable under pressures.
This week, affected by the Covid curbs, the operation rate of brown fused alumina in Henan Province is furtherly reduced and the number of in production enterprises have been few. Enterprises no longer kept in stocks and brown fused alumina prices also continue to maintain a firm operation. In Guizhou, the logistics and transportation costs have increased due to the Covid control policy. Some enterprises slightly reduced the price due to inventory pressure, but the overall market change is not much. It is expected that in the coming week, under the support of production costs, the price of brown fused alumina will continue to run firm.
Supported by production costs, China's black silicon carbide prices continue to remain firm this week. It is expected that in the coming week, the price may run steadily in the strong side.
This week, supported by high production costs, China's green silicon carbide prices continue to run steadily. It is expected that in the coming week, the price will continue to remain firm.