China Abrasive Materials Weekly Price (28 NOV-4 DEC): Alumina rise on China’s Covid easing optimism
According to Antaike Research, as of December 2, 2022, China's alumina spot index was 2,800 yuan/ton, and the national average price of alumina was 3,061 yuan/ton, with 50 yuan per ton increased compared to last week. It is expected that in the coming week, supported by the rising price of raw material alumina, white fused alumina manufacturers are more optimistic about the price trend.
According to industry sources, there was a temporary small increase in electricity prices in some areas of Henan, affected by this, some local enterprises have chosen to temporarily reduce or stop production. As the electricity price is expected to return to the original price in the near future, the brown fused alumina market did not see the price increase. However due to the shortage of supplies, the market spot supply will be affected in the short term.
In addition, compared with the Henan, brown corundum enterprises in Guizhou can mostly maintain normal production, but due to the weak market demand, the local brown fused alumina prices stay stable.
It is expected that in the coming week, supported by low production load and high production cost, the price of brown fused alumina may continue to keep firm.
Supported by the high production cost, China's black silicon carbide prices continue to run steadily this week. It is expected that in the coming week, the price of black silicon carbide will remain firm considering the signs of rebound in the downstream market demand.
This week, despite the sluggish demand in the downstream market, most green silicon carbide producers in China continued to stabilize their product offers, supported by the high price of the raw material petroleum coke.