China Abrasive Materials Weekly Price (18-24JUL): Producer cut production in response to weak demand
According to Antaike research data: As of July 22, 2022, China's alumina spot index was 2,967 yuan/ton, and the national average price of alumina was 3,216 yuan/ton, with alumina prices running steadily.
This week, white corundum producers continue to maintain a low start-up load, some enterprises choose to cut the prices to ensure cash flow. White fused alumina prices slightly fell by about 50 yuan/ ton. However, as the recent alumina prices are expected to rise, it will be able to provide some support to white fused alumina prices. It is expected that in the coming week, China's white fused alumina prices may be weak and stable operation.
This week, under the influence of long-term poor downstream demand, due to the high costs, China's brown fused alumina enterprises starting load significantly reduced, and some enterprises have been shut down. Current supply and demand are still the most direct factors affecting the price. It is expected that in the future, with the gradual recovery of China's macro economic environment, the market demand will also grow, the current difficult situation of China's brown corundum market or will be alleviated.
This week, due to the epidemic, some roads in Gansu were controlled and the outbound transportation of black silicon carbide from Tianzhu Industrial Park was affected. However, due to the weak downstream demand, the trading volume in China's black silicon carbide market shifted slightly downward. It is expected that in the coming week, the price of black silicon carbide may run steadily.
This week, in view of the stable price of green silicon carbide raw blocks, China's green silicon carbide prices continue to run stable.