This week, the price of white corundum in China continued to weaken due to the decline in the price of raw material alumina.

This week, affected by the weak downstream market demand, white corundum abrasive enterprises are engaging in price war.

1. White Fused Alumina Affected by falling price of raw material alumina, China's white fused alumina prices continue to go down....

The operation load of Chinese white fused alumina manufacturers fell significantly, in order to stabilize the current product offer.

In order to firm up the current price of white fused alumina, some manufacturers intended to reduce the production capacity.

However, compared with the gradual release of new production capacity, it will not change China aluminum’s oversupply situation.

With a 4.5% expansion in Q1 GDP, the market demand for bauxite also showed a rebound and the product price tended to stabilize.

It is expected that white fused alumina market recovery still shows uncertainty.

Despite high production costs, due to the sluggish market demand, some black silicon carbide companies lowered the price to stimulate sales.

Some brown fused alumina production companies in Henan province plan to stop production and resume production after demand rebound.

As white fused alumina and other substitute products continue to squeeze the market, there is a broadly bearish view of brown fused alumina.

A great concern is that, in the face of continued sluggish market demand, cutting prices may do little help for current abrasive market.

Despite sluggish market demand, most brown corundum producers in China chose to maintain their quotations rather than lowering the price.

In this week, the futures of coking coal , as the raw material of silicon carbide, scaled an eight-month peak on February 24.

This week, with the recent increase in market supply, competition is also hitting up.

Supported by the price of raw material alumina, several white fused alumina producers in China slightly raised price to see market response.

Supported by the increasing raw material alumina price, some enterprises have the intention to raise the product price.

Since January 27th, the market has revived. It is expected that the brown fused alumina market will remain stable in the short term.

Despite the current sluggish market demand, most Chinese abrasive material manufacturers tend to maintain the current price before holiday.

Affected by the continuous rise on alumina price , China's white fused alumina producers generally raised the price by about 100 yuan/ton.