China Abrasive Materials Weekly Price (6-12 MAR): Abrasives market is on a patchy way to recovery
According to Antaike research, as of March 10, 2023, China's alumina spot index was RMB 2,921/ton, and the national average price of alumina was RMB 3,133/ton, with alumina prices stabilizing.
This week, with downstream market still being sluggish, most Chinese white corundum producers firm up the prices due to the stable raw material cost. It is expected the price of white fused alumina will run at a stable trend in the coming week.
Brown fused alumina enterprises also chose to stabilize the product price this week. Despite the weak market demand, the high production cost kept manufacturers to lower the price. A great concern is that, in the face of continued sluggish market demand, cutting prices may do little help. It is expected that in the coming week, China's brown fused alumina prices or will be weak and stable operation.
This week, despite the increase in electricity costs, a small number of black silicon carbide producers in China began to reduce prices for orders, with price reductions of about RMB 200 per ton. It is expected that in the coming week, the price of black silicon carbide may run weakly and steadily.
Due to the stable price of raw blocks, most of the green silicon carbide producers in China plan to firm up the quotation this week. It is expected that in the coming week, by the current weak market demand, China's green silicon carbide prices will remain stable.