China Abrasive Materials Weekly Price (23-29 MAY): Prices may still be expected to rise
This week, due to the sluggish downstream demand, China's white corundum abrasive market is still under pressure to run, and some enterprises have cut prices for promotion. It is expected that in the coming week, due to the raw material alumina prices continue to remain firm, the white fused alumina prices may stay firm.
This week, due to the short supply of high-grade bauxite raw ore, China's brown corundum production enterprises have reduced the operation rate significantly.
In view of the current weak downstream demand, brown fused alumina inventory in the market may increase, but by the strong support of production costs, brown fused alumina prices in the short term will remain stable.
Despite weak downstream demand, most of China's black silicon carbide producers held prices steady due to firm costs this week. In addition, with the reduction of inventory, the overseas purchase quantity has increased, and the demand in China's black silicon carbide export market has picked up slightly, but still has not returned to the normal level of the same period in previous years.
This week, due to the increase in the price of raw blocks, most of the green silicon carbide manufacturers in China planned to further increase their product quotations but were strongly resisted by the downstream enterprises. It is expected that in the coming week, the price of green silicon carbide will continue to rise due to the increase in production costs as the price of raw blocks is still expected to rise.