China Abrasive Materials Weekly Price (11th-17th May): Market Demand Recovers Slightly
This week, due to the continued rebound of the raw material alumina prices, China's white fused alumina manufacturers have subsequently raised the price of white fused alumina by about 100 RMB/ ton.
This week, as the demand from overseas downstream customers gradually recovered, the number of inquiries in China's brown fused alumina increased slightly in the past week. Some brown fused alumina manufacturers said that they have received a small number of enquiries from the European market in late April and believe that the downstream market is gradually recovering. In addition, due to the support of stable production costs, the company stated that it would not accept the counter-offer and would keep the market price of brown fused alumina stable. It is expected that the price of brown fused alumina will remain stable in the coming week.
3. Black Silicon Carbide
This week, due to production costs, most black silicon carbide smelting companies in northwestern China have no intention to further reduce product prices, and the price of black silicon carbide raw blocks has stopped falling. It is expected that the market price of black silicon carbide abrasives will also run smoothly in the coming week.
4. Green Silicon Carbide
This week, downstream demand for green silicon carbide abrasives and micropowders in China is still relatively weak, and transactions have been sluggish.
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