China Abrasive Materials Weekly Price (6-12 JUN): Cost pressure remains high
This week, the impact of lower prices of raw materials alumina, China's white fused alumina prices dip slightly. With the market competition further intensified, the industry is under pressure to run. It is expected that in the coming week, due to the price trend of raw material alumina tending to stabilize, and the enterprise will also have strong willingness to remain the price, white fused alumina prices may remain stable.
This week, despite the weak downstream demand, the shortage of high-grade bauxite raw ore has been an unsolved problem for a while, the enterprise production costs remain high, and some enterprises even shut down or reduce production, which has caused the industry start-up load to drop significantly. As a result, the downstream enterprises stopped waiting and see, and the market turnover also has a certain upturn. It is expected that in the coming week, brown fused alumina will continue to run stable under the support of production cost.
This week, although the downstream market demand was weak, most of the black silicon carbide producers stood firm in their offers due to the firm production cost.
This week, although the downstream demand is sluggish, due to the high production costs, most green silicon carbide enterprises take the initiative to reduce production to support prices. It is expected that in the coming week, supported by production costs, green silicon carbide prices may continue to run smoothly.
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