China Abrasive Materials Weekly Price (24th -30th June): New Round of Pollution Inspections Begins
This week, due to the continuous decline in the price of raw material alumina, the price of China's white fused alumina has also been lowered by USD 14.58-29.17/ ton. Previously, due to price fluctuations, most downstream customers chose to wait and see the market and reduce the amount of purchases. Due to factors such as the decline in alumina prices and sluggish market demand, some white fused alumina producers can already accept a counter-offer of at least USD 14.58/ ton. It is expected that in the coming week, due to the subsequent trend of alumina price, the price of China's white fused alumina market will temporarily maintain the current level.
This week, the demand for the downstream market of brown fused alumina in China has not improved significantly, and market transactions are still slow. Despite this, considering the increasingly tight supply of raw materials for bauxite in the country and the high price, under the dual pressure of low demand and low profit, brown fused alumina manufacturers are generally reluctant to cut prices and choose to take the initiative to reduce production or stop maintenance. The market price of brown fused alumina also kept running smoothly. In addition, from the perspective of enterprise inventory, in view of the current stage of production of raw materials, aluminum bauxite procurement requires cash prepayment, when the market is in a downturn, the industry will pay more attention to capital circulation, so the brown fused alumina production enterprises are deliberately avoiding big inventory pressure. It is expected that the market price of brown fused alumina will remain stable in the coming week.
3. Black Silicon Carbide
This week, the price of China's black silicon carbide market remained stable. After the price dropped slightly by USD 14.58/ton last week, although the downstream market demand is still weak, but due to factors such as the strong price of raw materials anthracite, the price of black silicon carbide products is temporarily expected to stop a further decline. It is expected that the price of black silicon carbide original block and granular sand products will remain stable in the coming week. In addition, the Central Environmental Protection Inspector Group has re-entered the Gansu area at the end of June, and “looking back” inspections once again will bring uncertainties to black silicon carbide production.
4. Green Silicon Carbide
This week, the market price of China's green silicon carbide block was slightly loose. Since March, China's green silicon carbide production has grown steadily. A production company in Qinghai plans to resume production of green silicon carbide in mid-July. A Xinjiang manufacturing company resumes production of green silicon carbide at the end of June and plans to increase production again in August. With the growth of market supply, the price of green silicon carbide related products may fall. It is expected that the price of green silicon carbide products will enter the downward channel in the coming week.