China Abrasive Materials Weekly Price (15th -21st July): WFA Price Continues To Fall
This week, as the market price of alumina oxide fell sharply again in China, which has fallen below the cost line, the market of white fused alumina is expected on a rising trend. In addition, due to the recent increase in environmental supervision pressure in Henan, the local white fused alumina smelting enterprises have lower operating rates and tighter spot supply. Affected by this, it is expected that the market price of white fused alumina will temporarily maintain stable operation in the coming week.
This week, continuous environmental supervisions have been carried out in Dengfeng, Jiaozuo, Fuyang, Shangjie and Gongyi areas in Henan Province, and local abrasives companies are generally worried about being ordered to suspend production but have not received a clear official shutdown notice. As Zhengzhou city will hold the National Minority Games on September 8th-16th, it is expected that local enterprises will still be difficult to stabilize operation in the next two months. In addition, due to factors such as shortage of raw materials and bauxite supply and difficulties in procurement, the operating rate of local brown fused alumina production enterprises in Henan Province has further declined. It is expected that in the coming week, although the current market demand is sluggish, the market price of brown fused alumina abrasives will remain stable due to factors such as “high production cost” and “low operating rate”.
3. Black Silicon Carbide
This week, China's black silicon carbide market is still in a situation of oversupply, and the inventory of enterprises continues to grow. With the increasing number of resumption of production in the Guanggou area of Gansu, the market price is expected to fall . It is expected that the price of black silicon carbide in China will continue to decline slightly in the coming week.
4. Green Silicon Carbide
This week, with the recent increase in green silicon carbide re-production enterprises, the price of China's green silicon carbide original block continued to decline slightly, down by 30 yuan / ton from last week. Due to sufficient supply of green silicon carbide bulk, the price of green silicon carbide grain sand is also slightly reduced.
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