China Abrasive Materials Weekly Price (21-27 NOV): Aluminum oxide price bounced
According to Antaike research, as of November 28, 2022, China's alumina spot index was 2,776 yuan/ton, the national average price of alumina was 3,013 yuan/ton, alumina prices stopped falling and rebounded.
This week, supported by the bounce of raw material alumina price, China's white fused alumina prices continue to run firm. It is expected in the coming week, white fused alumina prices will remain stable.
Brown corundum prices continue to run steadily this week. Affected by the factors of current supply and demand, cargo transportation, as well as the environmental control policy, there are still unexpected variables in high-grade bauxite and brown fused alumina market, and downstream enterprises are advised to pre-stocking. It is expected that in the coming week, supported by the low operating rate and high production costs, the price of brown fused alumina will remain stable.
Due to the high production cost, China's black silicon carbide prices continue to run steadily this week. It is expected that in the coming week, the price of black silicon carbide may continue to be stable.
Recently, the Silicon Carbide Abrasive Association of Tengzhou city, which is the hub of silicon carbide manufacturers in Shandong Province, issued a notice letter of price adjustment, which shows that the green silicon carbide price will be raised since November 28, due to the significantly soared industrial electricity cost and raw materials price.
Supported by the rising production cost, China's green silicon carbide prices are on a high upward trend.