China Abrasive Materials Weekly Price (26 Aug.-1 Sept): U.S. tariffs affect China abrasive market
This week, due to the pressure of environmental protection inspection during the National Minority Games, the main producing areas of white fused alumina in Henan Province, Shuyang, Shangjie and other areas will be discontinued until the end of September. Therefore, despite the sluggish demand in the downstream market, the supply of white fused alumina is expected to remain stable in the coming week due to the its sharp decline in the supply.
This week, the consumption capacity of China's brown fused alumina downstream market continued to decline, demand remained sluggish, with limited spot transactions. In addition, in September, the United States imposed a 10% tariff on some export products such as abrasives in China. The brown fused alumina market is pessimistic and the wait-and-see mood is high. In summary, it is expected that the market price of China's brown fused alumina products will be stable in the coming week.
3. Black Silicon Carbide
In the past two weeks, nearly 15 black silicon carbide producers in Gansu Province have resumed production. Most manufacturers have planned to ship in early September. The market supply will increase, and the price of black silicon carbide will fall slightly.
4. Green Silicon Carbide
This week, the market performance of China's green silicon carbide products continued to be stable, with less inventory of production enterprises and supporting the stable operation of the market price of green silicon carbide.