China Abrasive Materials Weekly Price (20-26 FEB): Coking coal futures rise
This week, despite the weak demand in the downstream market, most white corundum producers in China plan to maintain the current product offer due to the high price of raw material alumina. It is expected that in the coming week, the price of white fused alumina will continue to run steadily.
Given the raw material price is at the high level, brown fused alumina enterprises also intend to maintain the prices. It is expected that in the coming week, supported by high production costs, China's brown corundum abrasive prices continue to run stable.
Affected by the firm prices of raw materials, coupled with the high cost of electricity, most black silicon carbide producers tend to hold prices. Chinese black silicon carbide price is estimated to be running at a stable trend in the next week.
In this week, the futures of coking coal , as the raw material of silicon carbide, scaled an eight-month peak on February 24, as a large-scale coal mine collapse in northern China’s Inner Mongolia region prompted safety checks, fanning fears of supply tightness. Although the price of coking coal has increased by 8%, most China's green silicon carbide producers hold stable product offerings due to the weak downstream demand. It is expected in the coming week, green silicon carbide prices or will remain stable.