China Abrasive Materials Weekly Price (18-24 APR): Suppliers may reduce production to support prices
According to the Antaike’s research, as of April 22, 2022, China's alumina spot price was RMB 3018/ton, the national average alumina price was RMB 3480/ton, and the alumina price rose slightly compared to last week.
This week, supported by costs, white corundum prices also remained firm. In addition, although the current downstream market is affected by the epidemic, the demand is sluggish, most enterprises intend to reduce production capacity to support prices. It is expected that the price of white fused alumina may run smoothly in the next week.
This week, the overall price trend of brown fused alumina in China is stable. In view of the current high-grade bauxite raw ore, cooked bauxite market shortage and price upward, while limiting the capacity of some brown corundum enterprises, so although the downstream abrasives market demand is low, but brown fused alumina prices can still maintain firm. It is expected that in the coming week, affected by the current epidemic, enterprise production and cargo transportation is still facing many uncertainties, brown fused alumina manufacturers will continue to maintain stable product prices.
This week, although the downstream demand is not sluggish, but supported by the cost, China's black silicon carbide prices continue to run smoothly. It is expected that in the coming week, with the slow recovery of market supply, the price of black silicon carbide may tend to run weakly.
This week, due to the recent stabilization of petroleum coke prices, China's green silicon carbide prices are running steadily. It is expected that in the coming week, supported by the cost, green silicon carbide micro powder prices may run steadily.
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