China Abrasive Materials Weekly Price (27 MAR-2 APR): Slight Decrease in Silicon Carbide Price
Supported by high prices of raw material alumina, the price of white fused alumina continued to remain stable this week. It is expected that the price will maintain stability in the coming week.
The market was still being sluggish due to low demand, nonetheless, the tight supply of high-grade bauxite ore had kept the price of bauxite stable. Price of brown fused alumina was thus stable, affected by high production costs. It is expected that the prices of brown fused alumina in China will continue to remain stable in the coming week.
Despite the high production costs, due to the sluggish terminal market, some black silicon carbide companies lowered the prices to stimulate sales in the past week. However, as most production companies are unwilling to reduce prices further due to high production costs, it is expected that the price of black silicon carbide will stabilize or even rise slightly in the coming week.
This week, due to the decline in the price of petroleum coke, some green silicon carbide companies in China lowered their prices for promotion in the past week. However, with the recent stabilization of petroleum coke prices and the possibility of a rebound, most green silicon carbide companies intend to keep their product prices stable. It is expected that the price of green silicon carbide will remain stable in the coming week.