China Abrasive Materials Weekly Price (18th-24th May): Market Is Picking Up
This week, as the market price of raw material alumina remained stable, the price of white aluminum oxide in China also remained stable. Although the market transaction was still relatively deserted, production companies refused to reduce prices due to cost support. In addition, since May 16th, Shandong Liaocheng District implemented the industrial power consumption restriction policy, which affected the local white corundum smelting enterprises, and the production capacity was also reduced by about half. It is expected that the price of white fused alumina in China will remain stable in the coming week.
This week, China's brown aluminum oxide market demand is gradually recovering. Due to the increase in demand, industry insiders expect that China's brown aluminum oxide market will become more active in the next week. In addition, some companies also said that due to the real recovery of the market, some of the previously suspended production capacity has recently resumed production. It is expected that in the next week, supported by the current stable cost, the price of brown aluminum oxide may be stable.
3. Black Silicon Carbide
This week, due to the weak downstream demand in the domestic market, the black silicon carbide market transactions were slow. To prevent further inventory backlogs, most smelting companies in northwest China choose to reduce production or stop production to cope with the current situation. However, due to the firm production costs, China's black silicon carbide production enterprises have no intention to lower the product prices. Therefore, it is expected that the price of black silicon carbide in China will remain stable in the coming week.
4. Green Silicon Carbide
This week, China's green silicon carbide block market demand is weak, and transactions are slow, so prices have slightly decreased compared with last week. However, green silicon carbide abrasives and fine powder processing companies have no intention to lower prices, so the prices of green silicon carbide abrasives and fine powders remained stable. It is expected that the price of green silicon carbide abrasives in China will be weak and stable in the coming week.