China Abrasive Materials Weekly Price (5-11 SEP): Sic downstream demand is picking up
This week, the raw material alumina prices continue to run steadily, providing the support for white fused alumina prices. However, due to the more and more intense market competition, some enterprises further reduced the price to speed up the shipments. It is expected that in the coming week, white fused alumina prices or will run stable.
Due to Zero-Covid policy, some cities in China have begun temporary lock down management, and brown fused alumina production is affected, while the industry maintained a low start rate state. Compared with the traditional peak season in previous years, this year's market atmosphere seems to be cold. At present, the price of brown fused alumina has fallen in line with the cost, and whether the downstream demand in September and October can rebound remains to be seen. It is expected that in the coming week, supported by the industry's low start rate and high production costs, brown fused alumina prices may be stable.
China's black silicon carbide downstream demand gradually pick up this week, and enterprise shipments are also relatively smooth. In addition, coupled with the stable production cost, most black silicon carbide enterprises intend to firm up product offer. It is expected that in the coming week, black silicon carbide prices will be in the strong operation.
This week, by the strong support of production costs, most green silicon carbide producers have strong willingness to raise prices, and green silicon carbide prices continue to run stable.