China Abrasive Materials Weekly Price (14-20 AUG): Alumina spot prices continue to rise slightly
Spot alumina prices have been continuing to rise due to the temporary production restraint, as the reclamation policy in Henan and Guangxi Province and the rainy season have put the pressure on ore mining. According to Antaike research data, as of August 18, 2023, China's alumina spot index is 2906 yuan/ ton, the national average price of alumina is 3077 yuan / ton, alumina prices continue to rise slightly. Supported by the high price of raw material alumina, it is expected that in the coming week, China's white fused alumina prices may continue to run strong.
Since August, the bauxite prices have not seen the rebound due to the downtrend in market demand. Affected by this, brown fused alumina prices in the short term will not have an upward adjustment. But by the strong support of production costs, China's brown fused alumina price is still expected to run steadily.
China's black silicon carbide market supply has no major changes this week, and enterprises intend to stabilize the current product price. It is expected that the market is more likely to hold stable later.
This week, supported by the cost, China's green silicon carbide prices remain stable.
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