China Abrasive Materials Weekly Price (17th -23rd Feb): Abrasive Material Price Is Likely To Rise
This week, due to the rise in the price of raw material alumina, the production cost of white fused alumina also increased, and the market price of white fused alumina rose slightly by nearly 50 RMB / ton.
In addition, due to the impact of the epidemic, the current inventory of downstream abrasive tool companies has been consumed and is at a low level, and market demand has shown signs of recovery. It is expected that in the coming week, if the price of alumina continues to rise, the price of white fused alumina may continue to rise.
This week, due to factors such as the low operating rate of industrial enterprises during the epidemic control period, and the difficulty of cross-provincial and cross-region logistics and transportation, China's brown fused alumina transactions were generally deserted. Companies which have resumed production maintain price stability and wait to see the market reflect. In addition, it is worth mentioning that, because the current spot bauxite market has limited inventory, and most production companies are scheduled to resume production in early March, it is expected that the price of bauxite may increase slightly during the end of February.
3. Black Silicon Carbide
This week, China's black silicon carbide market transactions are gradually picking up. Black silicon carbide abrasive prices have also remained stable for the time being. However, due to the recent rise in the price of raw material anthracite, the cost of smelting black silicon carbide raw blocks has increased. It is expected that the price of black silicon carbide abrasives in China will rise by 100 RMB / ton in the coming week.
4. Green Silicon Carbide
This week, due to the resumption of production of some green silicon carbide fine powder downstream companies, the market demand gradually picked up. However, due to restrictions on inter-province cargo transportation, the spot market is in short supply. Therefore, it is expected that the price of green silicon carbide abrasives will increase slightly by about 100 RMB / ton in the next week, and the price of fine powder will increase by about 150-200 RMB / ton.