Silicon Carbide Market Report August 2014

Content
Abstract 3
1. Financial news 3
1.1 Chinese domestic financial overview 3
1.1.Asian Metal Copyright1 Grade-one black silicon carbide market flat 8 3.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright2 US dollar strong again amid depressed European economy 6 2 Company news 7 2.Asian Metal Copyright3% and PPI down by 0.9% YOY in July 3
1.1.2 August PMI down obviously 4
1.2 International financial overview 5
1.2.1 Crude oil futures prices keep falling back 5
1.2.2 US dollar strong again amid depressed European economy 6
2 Company news 7
2.1 Jinyu Silicon grade-one black silicon carbide stocks reduces 50% MOM in August 7
2.2 Ordos Dongxiang completes construction of its new 60,000tpy black silicon carbide plant 7
2.3 Hengfa Mining to resume production of green silicon carbide early August 8
2.4 Dingxin Special Materials increases green silicon carbide production in August 8
2.5 Yifeng Ceramic Materials holds green silicon carbide stocks of 200t in August 8
3 Chinese domestic market review 8
3.1 Black silicon carbide market 8
3.1.1 Grade-one black silicon carbide market flat 8
3.1.2 Demand for grade-two black silicon carbide market strong 9
3.2 Oversupply on green silicon carbide market 9
4 International market review 10
4.1 European market to keep sluggish 10
4.2 Export market 10
4.2.1 Fierce Competitions on grade-one black silicon carbide export market 10
4.2.2 Grade-two black silicon carbide export prices at low levels 11
4.2.3 No improvements on Green silicon carbide export market 12
5 Chinese silicon carbide operating rates in August 13
5.1 China’s black silicon carbide plants’ operating rate unchanged at 79.2% in August 13
5.2 China’s green silicon carbide plants’ operating rate at 90.Asian Metal Copyright1 Jinyu Silicon grade-one black silicon carbide stocks reduces 50% MOM in August 7 2.Asian Metal Copyright1% in August up by 11.4% MOM 14
6 Import & Export data analysis 14
6.1 Chinese silicon carbide exports increase by 10.18% MOM in July 15
6.2 Top ten Chinese silicon carbide exporters in July 2014 16
6.3 Chinese silicon carbide export data in July 16
7 Related Industry developments 29
7.1 PV product exports rise by 9.Asian Metal Copyright1 China’s black silicon carbide plants’ operating rate unchanged at 79.Asian Metal Copyright8% to RMB4.46 billion in Jan-Jul in Hebei 29
7.2 Jinko Solar establishes China’s first PV factory in South Africa 29
7.3 Polycrystalline silicon processing trade halted 30
7.4 US DOC cuts primary AD rates imposed on Taiwan,China PV cell and module enterprises 30
7.5 India's anti-dumping case against Chinese PV products ends up with no tax levied 30
8 Outlook for September 30
8.1 Grade-one black silicon carbide price hard to rebound 31
8.2 Grade-two black silicon carbide market to remain firm 31
8.3 Inventories of green silicon carbide may increase 31

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

Table 1 The average operating rate at major black silicon carbide plants in China in August 2014 13
Table 2 The average operating rate at major green silicon carbide plants in China in August 2014 14
Table 3 Top ten Chinese silicon carbide exporters in July 16
Table 4 Chinese silicon carbide exporters in July 16.Asian Metal Copyright2 Jinko Solar establishes China’s first PV factory in South Africa 29 7Asian Metal Copyright