China Abrasive Materials Weekly Price (20-26 July): Market shows signs of recovery
According to Antaike Information’s alumina price on July 27, China’s alumina spot index was RMB 2,477/ton, and the national average alumina price was RMB 2,429 /ton. The upward trend stopped going up.
As the price of raw material alumina stopped rising, the price of white fused alumina in China remained stable, unchanged from last week. In addition, due to the increase in the price of white fused alumina in the early stage, some of the overseas buyers are holding off buying. It is expected that the price of white fused alumina may continue to run smoothly in the coming week.
This week, according to industry insiders, inquiries on brown fused alumina have continued to increase. Although there are few transactions, they have played a positive role in the stability of the current market confidence. Some business owners that although there are some low-priced products in the market, the quality of their products may not be ensured. Some downstream purchasing customers have a clear understanding of this. Therefore, the overall market price of brown fused alumina remains unchanged this week.
This week, due to weak downstream demand in the domestic and foreign markets, transactions in the black silicon carbide abrasive market have been slow. However, supported by production costs, China's black silicon carbide manufacturers maintain their prices unchanged. It is expected that the price of black silicon carbide in China may maintain stable in the coming week.
This week, despite the weak market demand for green silicon carbide, manufacturers have no intention to cut prices, and the prices remain stable. However, according to reports from some manufacturers, sales of some companies have fallen by about 80% compared to the same period last year. Therefore, in order to win orders, they do not rule out the possibility of price cutting strategy for more orders.