China Abrasive Materials Weekly Price (4th-10th May): WFA Price Is Likely To Increase
Updated: May 20, 2020
This week, due to the rebound of raw material alumina prices, the wait-and-see sentiment in white fused alumina market gradually increased. In addition, due to the power shortage in Chiping Xinfa Industrial Park of Shandong Province, the supply of white fused alumina blocks decreased, so some large companies took the lead in raising the price by 100 RMB/ ton, and the rest of the companies also followed up to test the downstream response. It is expected that the price of white fused alumina will be stabilized by rising costs in the coming week.
This week, the downstream demand of the brown fused alumina has not yet improved significantly, and market transactions have been scarce. Most brown fused alumina producers in Henan Province continue to maintain production cuts or shutdowns. In order to avoid inventory backlogs, some companies once again slightly reduced the price by 50 RMB/ ton. It is expected that the price of brown fused alumina will run weakly and stable in the coming week.
3. Black Silicon Carbide
This week, due to weak demand in the downstream market, transactions in China's black silicon carbide market were slow. To avoid inventory backlogs, some smelting enterprises in the northwest region reduced or stopped production. Some black silicon carbide manufacturers lowered prices in order to obtain more orders. It is expected that the price of black silicon carbide abrasives in China will continue to be weak and stable in the coming week.
4. Green Silicon Carbide
This week, downstream demand for China's green silicon carbide abrasives is still relatively weak, and transactions are sluggish, and market prices are weak and stable.