China Abrasive Materials Weekly Price (27 FEB-5 MAR): Prices remain stable
According to Antaike research, as of March 3, 2023, China's alumina spot index was RMB 2,927/ton, and the national average price of alumina was RMB 3,134/ton, with alumina prices running steadily.
This week, white fused alumina prices continued to run steadily as the recent raw material alumina prices remained stable.
Despite the sluggish market demand, most brown corundum producers in China chose to maintain their quotations rather than lowering the price due to the high production cost. Therefore, it is expected that in the coming week, brown fused alumina prices may continue to run stable. In the aspect of export market, overseas market demand for brown fused alumina has been weak since mid-February, because of stable domestic prices, exporters still hold the export prices firm.
This week, affected by rising production costs triggered by the increase of electricity prices, China's black silicon carbide prices continue to run smoothly.
As the dual effect of falling raw block price and weak market demand, China's green silicon carbide enterprises generally cut product prices to stimulate transactions. However, because the production cost is still at a high level, enterprises still have a strong willingness to support prices, is expected in the coming week, China's green silicon carbide abrasive prices or weak and stable operation.
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