China Abrasive Materials Weekly Price (19-25 DEC): White fused alumina prices rise
According to Antaike data, as of December 23, 2022, China's alumina spot index was 2,905 yuan/ton, and the national average price of alumina was 3,102 yuan/ton, with alumina prices continuing to rise. Affected by this, China's white fused alumina producers generally raised the price by about 100 yuan/ton. The current alumina market is facing supply shortage, and if such condition is not effectively changed in short term, the alumina prices are expected to continue to rise.
Due to the surging wave of Covid infections after China dismantled the zero-Covid policy from the beginning of December, coupled with the weak downstream market demand, some brown fused alumina enterprises in Henan have reduced production, or shut down for holiday in advance, while the business operation in Guizhou is relatively stable, but by the recent power supply issues, some enterprises have begun to stop accepting new orders. As it is approaching Chinese New Year, the downstream purchasing enthusiasm is not strong, brown fused alumina prices will stay firm.
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