China Abrasive Materials Weekly Price (9th-15th Mar): Weak Market Demand Due To Global Pandemic
In the past month, due to the rising price of raw material alumina oxide caused by supply shortage, the price of white alumina oxide has also increased. However, with the coronavirus pandemic under control in China, most alumina production enterprises have also resumed production. Starting this week, the price of alumina has ceased to continue to rise. With sufficient alumina oxide supply in the future, the price is likely to decrease.
This week, affected by the current more complicated global pandemic situation, from a global perspective, the weak downstream demand in the industry may be difficult to change in a short term.
In order to cope with the current situation, some brown fused alumina abrasive companies have chosen to offer a price drop by about 50 RMB/ ton to stimulate downstream market demand, so as to obtain more orders. However, due to the firm production costs, brown fused alumina manufacturers have no intention to reduce prices further. It is expected that the market price of brown fused alumina will be weak and stable in the coming week.
3. Black Silicon Carbide
Given the current price of black silicon carbide raw blocks is stable, it is expected that the price of black silicon carbide abrasives in China will remain stable in the coming week.
4. Green Silicon Carbide
This week, with the companies in the green silicon carbide abrasive and micron powder industry chain of China returning to the market and returning to normal production, the market demand has increased, and supply is also sufficient. Therefore, it is expected that the price of green silicon carbide abrasives will remain stable in the coming week.