China Abrasive Materials Weekly Price (24-30 OCT): Green silicon carbide prices rose
According to Antaike research, as of October 31, 2022, China's alumina spot index was RMB 2,773 /ton, and the national average price of alumina was RMB 3,048 /ton, which has fallen by around RMB 100 compared to the price in the end of September.
Due to the continuous sluggish downstream demand and declined raw material alumina price, China's white fused alumina prices fell slightly, down by about RMB 50/ton. It is expected that in the coming week, as the raw material alumina prices continue to fall, white fused alumina price will continue to decline.
This week, some areas of Henan and Shanxi provinces are still in the temporary lockdown, while several brown fused alumina enterprises production is affected. The industry therefore maintained a low operation rate, and brown fused alumina prices remained stable. It is expected that in the coming week, supported by the industry's low operation rate and high production costs, brown fused alumina prices may keep firm.
Since October, due to the rebound in downstream demand and stable market turnover, China's black silicon carbide prices have been running steadily. It is expected that in the coming week, supported by the production cost, black silicon carbide prices or continue to run firm.
This week, some green silicon carbide producers in Xinjiang raised the price due to rising electricity prices and other production costs. It is expected that in the coming week, influenced by the surging production costs in winter, green silicon carbide prices may continue to run high.