China Abrasive Materials Weekly Price (9-15 OCT): Rising raw material cost may push up market prices
According to Antaike research, as of October 13, 2023, China's alumina spot index was 2971 yuan / ton, the national average price of alumina was 3183 yuan / ton, with alumina prices continuing to rise.
By the rise of raw material, white corundum price also shows an upward trend. It is expected that with the advent of the heating season in winter, as well as environmental protection measurements and enterprise stockpiling activities, there will be a space for white fused alumina’s further rise in prices.
Supply of high-grade bauxite raw ore remains tight, and the prices tend to strengthen. Due to that brown corundum smelting production is limited, it is expected that brown fused alumina prices or will rise significantly at the end of the year, when the heating season will see an increase of electricity price.
This week, with the gradual recovery of downstream market demand, China's black silicon carbide prices run firm.
Most green silicon carbide enterprises stabilize the prices this week, and supported by the cost, China's green silicon carbide prices may continue to run stable.