China Abrasive Materials Weekly Price (31 JUL-6 AUG): Raw material prices remain high
This week, raw material alumina prices continued to rise, providing strong support for the white fused alumina. It is expected that in the coming week, the price of white fused alumina may run steadily and strongly.
Supply of high-grade bauxite ore in Shanxi and Henan remains tight this week, which keeps the cost of calcined bauxite high. Market sentiment has gradually improved, but the small amount of improvement in short-term is hard to stimulate the volume of market transactions, and it is expected that the domestic high-grade bauxite ore and calcined bauxite prices in August will still be stable.
Since July, the operating rate of domestic brown corundum smelting furnace has increased slightly, however, the market is not profitable. Due to the weakening demand, brown fused alumina prices are difficult to be raised in the short term, and it is expected that the brown fused alumina market will continue to run steadily in August.
As raw material prices are still at a high level, it will put pressure on black silicon carbide production costs. In addition, the market output is restricted by the industrial maintenance and overhaul, which will make black silicon carbide prices stable in August.
Affected by the weak demand, China's green silicon carbide prices continue to run weakly.
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