China Abrasive Materials Weekly Price (3-9 Aug): Bauxite mines inspection may push up bauxite price
According to Antaike alumina price index on August 10, China’s alumina spot index is 2351 RMB/ton, and the national average alumina price is 2378 RMB/ton, continuing to show a downward trend. The raw material for white fused alumina is non-metallurgical grade alumina, and the price also showed a downward trend this week.
This week, as the raw material alumina price continued to fall, it also brought downward pressure on white fused alumina prices. Although China’s white fused alumina prices have temporarily stabilized this week, the outlook is weak. It is expected that in the coming week, if the price of alumina continues to decrease, the price of white fused alumina may be lowered, and the rate of reduction may be around 50-100 RMB/ton.
This week, due to the weak demand in the downstream market, the large-scale suspension of production of brown fused alumina in Henan and Guizhou in China continued, and the market was mainly dominated by depleting inventories. Supported by production costs, brown fused alumina prices may continue to hold firm.
In addition, Qingzhen, Guizhou Province, officially launched a one-month special inspection of bauxite mines in early August. This move may further aggravate the already tight bauxite market, and the price of high-grade bauxite in China may be pushed up.
This week, supported by production costs, the price of black silicon carbide in China remained stable.
This week, despite the weak market demand for green silicon carbide, manufacturers have no intention to cut prices. It is expected that the price of green silicon carbide in China may continue to stabilize in the coming week.