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  • Writer's pictureJCT Abrasives

China Abrasive Materials Weekly Price (20-26 SEP): Raw material price continue to surge

According to Antaike's research, as of September 24, China's alumina spot index was RMB 3597/ton, the national average alumina price was RMB 3417/ton, and alumina prices continued to rise.

This week, given that alumina prices continued to rise, and the current spot market supply was tight, most white fused alumina manufacturers once again raised the price by about RMB 100/ton. Some companies said: “Currently old customers are stepping up stocking, and the company has sold all the products output in October before the end of September.” Based on the upward trend of raw material prices and tight market supply, it is expected that in the next week, The price of white fused alumina may continue to rise.

Recently, due to the impact of power crunch, the production of brown fused alumina in Guizhou is limited to 50%, and the demand for raw bauxite and mature bauxite has declined. The local bauxite price may temporarily enter a period of stable repair, but according to previous experience, after entering mid-October, bauxite demand enterprises will enter the stocking period, when the bauxite price may fluctuate.

Since the second half of this year, due to various factors such as production safety, environmental protection, and meteorological disasters, the operating rate of China's brown fused alumina production enterprises has continued to be affected, and the spot market supply has remained tight. Recently, as the market atmosphere changes, some downstream abrasives companies have stopped watching and switched to a stocking mode. As the current brown fused alumina production companies have little inventory and are not in a hurry to sell, under the strong support of production costs, companies are very likely to further increase their product price. It is expected that the price of brown fused alumina may continue to rise in the coming week.

This week, according to industry companies, orders for black silicon carbide continue to increase, and manufacturers are generally optimistic about the market outlook. It is expected that in the coming week, affected by the current market atmosphere, more downstream abrasives companies may stop waiting and start stocking. Therefore, the price of black silicon carbide may maintain an upward trend.

This week, supported by rising raw material prices, most green silicon carbide manufacturers have successively raised their product prices by about RMB 200/ton. Due to the increase in production costs and the lack of inventory pressure, some green silicon carbide manufacturers plan to continue to increase prices. It is expected that the price of green silicon carbide may rise further in the coming week.

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