China Abrasive Materials Weekly Price (18-24 OCT): Manufacturers face rising raw material cost
This week, the price of alumina in China continued to rise and the market supply decreased. Affected by this, the price of white corundum also continued to rise. It is expected that the price of white fused alumina may rise further in the coming week, supported by factors such as rising raw material prices and power cuts.
This week, due to recent power cuts in Henan and Guizhou Province, most of the brown fused alumina manufacturers in China have gradually reduced or stopped production, and some Henan manufacturers said that they currently only have a small amount of inventory. In addition to the shrinking supply, the prices of high-grade bauxite raw ore and high-grade mature bauxite have also risen recently. Therefore, it is expected that in the coming week, supported by rising costs and shrinking supply, most of China's brown fused alumina manufacturers may continue to increase their product quotations.
Since the price adjustment of black silicon carbide in China in the early stage was too violent, most black silicon carbide manufacturers in China temporarily stabilized their prices this week. In addition, due to the upcoming wintertime, if the power cut plan remains unchanged, the graphite electrode market is still relatively unstable. Therefore, considering the rising price of raw materials and tight supply, it is expected that the price of black silicon carbide may continue to rise in the coming week.
This week, supported by the cost of raw materials, the price of green silicon carbide a remained stable. It is expected that in the coming week, the price of green silicon carbide granular sand and fine powder in China may remain firm.