China Abrasive Materials Weekly Price (22nd-28th Mar): BFA quotation rises by RMB 100-200/ton
This week, due to the stable price of the raw material alumina, the price of white fused alumina in China continued to run steadily. It is estimated that, due to the relatively balanced supply and demand of the white fused alumina market, the price of white fused alumina may remain stable in the next week.
This week, affected by the continuous increase in the cost of raw materials such as graphite electrodes and iron filings, the quotation of brown fused alumina in China has risen by RMB 100-200 /ton. It is reported that after the Spring Festival holiday in 2021, brown fused alumina manufacturers have a strong willingness to increase prices due to the continuous increase in production costs, however, as downstream abrasive companies refuse to accept, the price of brown fused alumina faces certain resistance. This week, brown fused alumina production companies have risen again due to the recent continuous rise in the prices of raw materials such as graphite electrodes and iron filings, the production cost of brown fused alumina has risen sharply.
It is expected that in the coming week, brown fused alumina abrasive market may have a strong wait-and-see sentiment, and the price of brown fused alumina may show an upward trend.
This week, supported by production costs, the price of black silicon carbide in China remained stable. It is reported that the black silicon carbide prices in Gansu, Ningxia, and Inner Mongolia have continued to rise, driven by the increase in the price of electricity and petroleum coke in Gansu, and the overall increase is about RMB 300/ton. However, as buyers in the market have started stocking black silicon carbide since October 2020, and the stock has been basically prepared until the end of March. Therefore, more buyers tend to only ask for quotations currently. Therefore, although the price of black silicon carbide has been rising recently, the purchasing side has limited acceptance. After entering the peak period of procurement in April, the price trend of black silicon carbide may be furtherly clear.
This week, in view of rising raw material prices, most of green silicon carbide manufacturers raised their prices. It is expected that in the coming week, the price of green silicon carbide in China may continue to be firm.