China Abrasive Materials Weekly Price (31MAY-6JUN): Upward trend of abrasive prices has not changed
This week, due to the continuous increase in the price of raw material alumina, the price of white corundum continued to rise. It is expected that in the coming week, due to the current market supply is still tight, the price of white fused alumina may rise further.
This week, under the dual influence of "increased production costs" and "decreased supply", most brown fused alumina manufacturers have raised their product prices by about RMB 100-200/ton from June 1. It is expected that the price of brown corundum may continue to rise in the coming week. However, as prices continue to rise, downstream customers' willingness to resist price increases may become stronger.
This week, due to factors such as weak market demand and production restrictions, some black silicon carbide manufacturers in Ningxia reduced their production by about 50%. Considering the sharp increase in production costs, some local companies expressed their intention to continue to resolutely increase product prices even if production is stopped. It is expected that the price of black silicon carbide may continue to rise in the coming week.
Affected by the continuous increase in the price of raw materials, most of the green silicon carbide abrasive manufacturers have successively increased their product prices last week. However, as most downstream customers refuse to accept price increases, green silicon carbide prices are facing greater resistance, and the market is in a wait-and-see state. It is expected that in the coming week, green silicon carbide grits and micro powder prices may continue to hold firm.