China Abrasive Materials Weekly Price (22-28 MAY): Prices on down trend weighed on weak demand
This week, the operation load of Chinese white fused alumina manufacturers fell significantly, enterprises cautiously controlled the inventory level, in order to stabilize the current product offer. In addition, due to the limited decline in the price of raw materials alumina, the production costs held steady. It is expected that in the coming week, white fused alumina prices will continue to run weakly stable.
Chinese brown fused alumina enterprises also maintained a low operation load this week. Only around half of the smelting furnaces among the leading manufacturers maintained open, while most of the small enterprises have suspended production, the rest basically only open one smelting furnace, barely maintaining the basic production.
It is expected that in the coming week, China's high-grade bauxite raw ore resources will still in shortage and prices continue to remain high, and high-grade calcined bauxite prices will also be relatively firm. Although the downstream demand is in slow recovery, supported by the high cost of production, brown fused alumina prices will remain stable in the short term.
This week, the price of black silicon carbide continued to weaken, mainly due to weakening domestic and international demand. From January to April, the cumulative export of silicon carbide was 116,200 tons, down by 5.22% year-on-year. As silicon carbide orders reduced, capacity release rate is basically less than 50%. Some of black silicon carbide enterprises have begun to reduce production, and the prices is expected to be in weak and stable operation.
Affected by the recent mild increase in the price of raw materials petroleum coke, China's green silicon carbide prices are running stable.
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