China Abrasive Materials Weekly Price (31 Aug-6 Sep): Will brown fused alumina price goes up?
This week, as the raw material alumina price continued to be stable, the domestic white fused alumina price almost kept unchanged.
In addition, because of the devaluation of the U.S. dollar against China’s renminbi, export traders raise prices to ensure profits. At present, the export price of white fused alumina in China has increased by about 5-10 US dollars/ton from last week. Due to the firm prices of domestic white fused alumina and the weakening of the US dollar, industry insiders expect that the export price of white fused alumina in China may further rise slightly in the coming week.
This week, most of the brown fused alumina manufacturers in China continued to reduce or stop production, and their sales also focused on consuming inventory. It is expected that in the coming week, supported by strong raw material costs, brown fused alumina prices may remain stable.
It is worth mentioning that since April, the operating rate of brown fused alumina production enterprises in China has been maintained at a relatively low level. At present, the inventories of various enterprises have decreased to varying degrees, and some enterprises have run out of inventory. In addition, the brown fused alumina market has the traditional peak season of September and October, so some companies plan to increase the price of brown fused alumina.
In addition, due to the devaluation of the U.S. dollar, brown fused alumina export traders raised their quotations this week, which was about 5-10 US dollars/ton higher than last weekend. If the dollar continues to weaken, industry insiders predict that China's brown fused alumina export prices may continue to rise in the coming week.
This week, due to the recovery of demand, China's black silicon carbide market has recovered and the inventory of black silicon carbide manufacturers has declined. As manufacturers intend to stabilize prices, industry insiders predict that the price of black silicon carbide may continue to remain stable in the coming week. In addition, due to the devaluation of the U.S. dollar, black silicon carbide export traders have to increase their export prices by about USD 5/ton.
This week, domestic green silicon carbide manufacturers have no intention to adjust product prices, and product prices continue to hold firm.