China Abrasive Materials Weekly Price (8th-14th June): Market uncertainty increased
This week, the price of domestic raw material alumina still maintained a slight upward trend, which played a supporting role in the price of white fused alumina in China. However, due to the weak demand in the downstream market, some white fused alumina producers chose to cut prices and promote sales, so this week the price of white fused alumina showed a slight downward trend. It is expected that in the next week, as the price of raw material alumina becomes more stable, the price of white fused alumina may run steadily.
This week, the price of brown fused alumina in China was stable due to cost support. Since there are no newly developed mines, the supply of high-grade bauxite mines in existing mines is tight, and most cooked bauxite producers have difficulty producing high-grade cooked bauxite. This week, the supply of high-grade cooked bauxite in the Chinese spot market is still tight. Transactions were scarce, but prices remained stable. In addition, due to the current industry's large-scale shutdown and production reduction factors, it is expected that in the next week, the price of brown fused alumina in China will probably run smoothly.
3. Black Silicon Carbide
This week, due to the current market environment, downstream companies are cautious about purchasing black silicon carbide. Some downstream customers choose to purchase on an order basis and do not plan to hoard inventory. Affected by this, some black silicon carbide abrasive manufacturers choose a small price reduction to promote sales, but due to strong cost support, the price reduction is also quite limited. It is estimated that in the coming week, China's black silicon carbide price may run smoothly.
4. Green Silicon Carbide
This week, downstream demand for green silicon carbide grains and micropowders in China continued to be weak, market transactions were sluggish, and product prices continued to weaken compared to last week. The downward adjustments were all around 100 RMB/ton.