China Abrasive Materials Weekly Price (26 JUN-2 JUL): Prices maintain a downward trend
Amid the weakening downstream demand this week, the market has undergone frequently low-price transactions. It is expected that after entering July, with the intensification of competition, white fused alumina market will still be in chaos. It is expected in the coming week, white fused alumina prices will continue to run weak and stable.
This week, despite weak demand, by factors of the electricity price control and tight supply of high-grade bauxite, brown fused alumina production costs remain high, manufacturers also intend to firm the price. Supported by the cost, China's brown fused alumina prices are expected to remain stable.
Since Q2 of 2022, China's black silicon carbide price is in a steady downward phase, and from the end of Q1 this year, the drop in price has been more as industry demand failed to reach the expectations. According to the trend of recent years, although the current black silicon carbide prices began to go down, compared with that before September 2022, it is still at a higher level. In the meanwhile, research data shows that since this year, petroleum coke prices have fallen by more than 30%, with the price decline in raw materials, coupled with demand is still relatively low, it is expected that black silicon carbide market will witness the continued weakness.
Since March this year, affected weak demand, China's green silicon carbide prices are running on a downward trend. It is expected that in the coming week, with the downward trend of raw materials such as petroleum coke and coal coke, price of green silicon carbide will continue to weaken.