China Abrasive Materials Weekly Price (7-13 NOV): Raw material alumina price stabilized
According to Antaike research, as of November 11, 2022, China's alumina spot index was RMB 2,757/ton, and the national average price of alumina was RMB 3,022 /ton. As alumina oxide prices stopped falling and stabilized, most white fused alumina producers in China firm up the price. It is expected that in the coming week, China's white fused alumina prices will be largely stable.
This week, due to the tight supply of raw high-grade bauxite, some of the high-grade calcined bauxite prices were increased. In addition, most plants production in Henan area were still suspended, and only a few large enterprises could maintain a small amount of production. It is expected that in the coming week, supported by the current reduction in capacity and high production cost, the price of brown fused alumina will maintain stable.
Although the downstream demand is still not strong, due to high price of raw materials, China's black silicon carbide manufacturers generally firm up the prices. It is expected that in the coming week, the price of black silicon carbide will continue to be stable.
This week, most green silicon carbide producers in China tend to keep their product prices stable due to high petroleum coke prices. It is expected that in the coming week, the price of green silicon carbide abrasives may continue to hold firm.