China Abrasive Materials Weekly Price (MAR 20-26): Suppliers hold the price firm to market woes
Despite the sluggish market demand, most white fused alumina production companies in China still consider maintaining current product prices based on the high price of raw material alumina. It is expected that the price of white fused alumina will remain stable in the coming week.
This week, some brown fused alumina production companies in Luoyang, Henan province plan to stop production in the near future and plan to resume production after demand rebounds. According to industry insiders, the number of brown fused alumina companies in Henan province that have stopped production or plan to stop production due to the overall market environment is continuing to increase, and the domestic brown fused alumina production is showing a trend of decreasing year by year. It is expected that in the coming week, despite the weak demand in the terminal market, most brown fused alumina companies will work hard to maintain stable product prices due to the high production costs.
Due to the high production costs, the black silicon carbide companies have a strong willingness to raise prices, and some companies choose to stop production for maintenance or upgrade environmental protection equipment. It is expected that the price of black silicon carbide will run smoothly in the coming week.
On March 27th, the benchmark price of petroleum coke by SCI was 2426.50 yuan/ton, a decrease of 15.28% compared with the beginning of this month (2864.00 yuan/ton). The spot price of petroleum coke has dropped significantly month-on-month. It is expected that in the coming week, affected by the factors such as the decline in the price of raw material petroleum coke, the price of green silicon carbide in China may run weakly and steadily.