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  • Writer's pictureJCT Abrasives

China Abrasive Materials Weekly Price (30 JAN-5 FEB): Market is recovering

According to Antaike research, as of February 3rd, 2023, China's alumina spot index was RMB 2,927/ton, and the national average price of alumina was RMB 3,152/ton, with alumina prices continuing to rise slightly.

After the Spring Festival holiday, white corundum market sees improvement. Supported by the increasing raw material alumina price, some enterprises have the intention to raise the product price. However, constrained by the current market environment, the actual transaction price is temporarily stable. The enterprise production enthusiasm has increased, most enterprises have resumed normal production at the end of January. It is expected that in the coming week, the price of white fused alumina may be stable.

Since 2022, due to the dual impact of weak market demand and scarce raw ore resources, the operation rate of bauxite enterprises hit record low, and the supply of high-grade bauxite is getting tighter and tighter, while the product prices remain high and firm. At the same time, 2022 is the most difficult year for brown fused alumina market since the epidemic, due to supply tension of high-grade bauxite, combined with the impact of power resource shortage, brown fused alumina production is overall affected.

After the Spring Festival holiday, China's brown fused alumina market is recovering, although the enterprise production enthusiasm is still weak, product prices basically maintain stable. It is expected that in the coming week, brown fused alumina prices will be in stable operation.

China's black silicon carbide market remained stable after the holiday, Most enterprises have resumed normal production in early February and market demand continued to pick up. In addition, due to the recent increase in the price of raw materials petroleum coke, and electricity prices have also been partially increased, it is expected that in the coming week, black silicon carbide prices may rise.

Most green silicon carbide producers intend to raise prices after the holiday due to the high production cost, and it is expected that in the coming week, China's green silicon carbide prices may be a stable trend running.

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