China Abrasive Materials Weekly Price (23-29 AUG): Aluminum oxide price jumped
According to Antaike’s research, as of August 27, China’s alumina spot index was RMB 2,717/ton, and the national average alumina price was RMB 2,958/ton, an increase of about RMB 100/ton from last week. The raw material price is showing a continuous upward trend. It is expected that the alumina market will continue its upward trend in the coming week, which will lead to an increase in the production cost of white corundum.
Due to the sudden increase in the price of raw material alumina, the production cost of white fused alumina has soared again. It is expected that in the coming week, affected by high costs, the price of white fused alumina may continue to maintain an upward trend.
Recently, Henan and Guizhou, which are the main production areas of brown fused alumina in China, have been continuously affected by factors such as severe weather and Covid-19 outbreak, and the local market spot supply has bottomed out. It is expected that brown fused alumina price will continue to rise in September, and the price is expected to hit a new high during the year.
This week, due to high production costs and stable downstream demand, most black silicon carbide manufacturers maintained their product prices unchanged.
This week, although production costs are still rising, considering the weak demand in the downstream market, green silicon carbide manufacturers temporarily hold the prices firm.