China Abrasive Materials Weekly Price (3rd -9th June): Abrasive Tools Price Begins To Adjust
This week, China's alumina oxide market price showed a significant stagflation state. Although the market price was stable, the suppliers and demanders in the market were still in a stalemate. Affected by this, the market price of China's white fused alumina remained stable this week, and the market transactions were relatively stable. In addition, the white smelting furnaces in Henan started to work normally, but the smelting furnace in Liaocheng area of Shandong started production shutdown on June 4th due to the failure of the power supply unit of Xinfa Industrial Park. It is estimated that the production stoppage time will be about 4-5 days. It is expected that the price of China's white fused alumina market will continue to run smoothly in the coming week.
This week, the demand in the downstream market of China's brown fused alumina industry is still weak, and the market turnover is relatively slow. At the same time, the supply of brown fused alumina raw materials in the bauxite market is tight and the price remains high.
Affected by the dual pressures of upstream and downstream, the enthusiasm of China's brown fused alumina production enterprises is generally not high. Some brown fused alumina smelting and processing enterprises in Henan and Guizhou have chosen to actively reduce production. In addition, due to the previous safety accident, the local brown fused alumina smelting furnace in Dengfeng had been discontinued since June 1st. However, it has been reported recently that after relevant rectification, local enterprises may resume production after June 10th. It is expected that the price of brown fused alumina will remain stable in the coming week.
3. Black Silicon Carbide
This week, the demand for black silicon carbide in China is still weak, and some enterprises can accept a counter-offer of USD 14.47/ton. In addition, due to the rising price of anthracite, it is expected that the price of black silicon carbide will remain stable in the coming week.
4. Green Silicon Carbide
This week, China's green silicon carbide market price is stable.