China Abrasive Materials Weekly Price (27th Apr-3rd May): Alumina Oxide Raw Material Price Rebound
This week, as the price of raw material alumina oxide stopped falling and rose about 50 RMB/ ton from last week, the price of white fused aluminum oxide was more stable due to the increase in costs.
This week, the downstream demand of the industry has not improved, and market transactions have been deserted. Most brown fused aluminum oxide producers in Henan continue to maintain production cuts or shutdowns. Some companies lowered the price slightly by about 50 RMB/ ton to promote transactions.
3. Black Silicon Carbide
This week, due to the weak demand in the downstream market, transactions in China's black silicon carbide abrasive market were slow, and some black silicon carbide smelting companies in northwest China reduced or stopped production. Some manufacturers have lowered prices by around 100-200 RMB/ton to alleviate inventory pressure. It is expected that the price of black silicon carbide abrasives in China will continue to decline in the coming week.
4. Green Silicon Carbide
This week, affected by the COVID-19 pandemic, the downstream demand for domestic green silicon carbide abrasives and micropowder declined slightly, and the market transaction was slightly lagging, and the product price was slightly lowered by about 100-300 RMB/ ton. It is estimated that in the coming week, the prices of green silicon carbide abrasives and micro powders in China may be weak and stable.