Silicon Carbide Market Report July 2014

Abstract 3
1. Financial Overview 3
1.1 Domestic financial overview 3
1.1.Asian Metal Copyright3 Export market 10 4.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright3 Kanghong Silicon Carbide increases production of green silicon carbide in July 7 2.Asian Metal Copyright3% and PPI down by 1.1% YOY in June 3
1.1.2 July PMI hits another new high 4
1.2 International financial overview 5
1.2.1 Crude oil futures prices fall back 5
1.2.2 US dollar Index continues to climb 6
2 Company news 7
2.1 Hengfa Mining resumes production of green silicon carbide in August 7
2.2 Binhe Silicon Carbide Products launches its new capacity of 50,000tpy 7
2.3 Kanghong Silicon Carbide increases production of green silicon carbide in July 7
2.4 Yuxiang Silicon Carbide cuts black silicon carbide production to 800t in July 7
2.5 Yineng Gaoke Silicon Carbide partly resumes production of coke-made black silicon carbide in July 8
3 Chinese domestic market reviews 8
3.1 Black silicon carbide Chinese domestic market 8
3.1.1 Grade-one black silicon carbide market sluggish 8
3.1.2 Grade-two black silicon carbide market remains firm 8
3.2 Green silicon carbide market flat 8
4 International market review 9
4.1 European market moves slowly 9
4.2 America market remains flat 10
4.3 Export market 10
4.3.1 Grade-one black silicon carbide export market quiet 10
4.3.2 Grade-two black silicon carbide export market firms up 11
4.3.3 Green silicon carbide export market sluggish 12
5 Chinese silicon carbide operating rate in July 13
5.1 China’s black silicon carbide plants’ operating rate at 79.2% in July 13
5.2 China’s green silicon carbide plants’ operating rate at 78.7% in July 14
6 Export data analysis 14
6.1 Chinese silicon carbide exports increased by 15.12% MOM in June 14
6.2 Top ten Chinese silicon carbide exporters in June 2014 16
6.3 Chinese silicon carbide export data in June 16
7 Related industry developments 30
7.1 Leshan Electric Power invests in efficient photovoltaic project in Sichuan together with Zhonghuan Semiconductor 30
7.2 The US primary sanction: PV products from Chinese mainland and Taiwan dumped 30
7.3 The EU to lower floor export prices for Chinese solar panels 31
8 Outlook for August 31
8.1Slight price decrease may be witnessed on the grade-one black silicon carbide market 31
8.2 Tight supply will be witnessed on the grade-two black silicon carbide market 31
8.3 No improvements will be seen on the green silicon carbide market 31

Picture 1 China’s CPI and PPI trend between 2012 and 2014 4
Picture 2 China’s PMI between 2012 and 2014 5
Picture 3 US crude oil futures price trend on major transaction market in July 6
Picture 4 US dollar index trend 7
Picture 5 Green silicon carbide 98.5%min JIS1500 price movement on the Chinese domestic market in July 9
Picture 6 Black silicon carbide 98%min F16-100 price movement on the export market in July 11
Picture 7 Black silicon carbide 88%min, 0-10mm price movement on the export market in July 12
Picture 8 Green silicon carbide 98.5%min JIS1500 price movement on the export market in July 13
Picture 9 Chinese silicon carbide export January-June 15
Picture 10 Chinese silicon carbide export by major destinations in June 15

Table 1 The average operating rate at major black silicon carbide plants in China in July 2014 13
Table 2 The average operating rate at major green silicon carbide plants in China in July 2014 14
Table 3 Chinese top ten silicon carbide exporters in June 16
Table 4 Chinese silicon carbide exporters in June 16.Asian Metal Copyright2 July PMI hits another new high 4 1Asian Metal Copyright