Chinese black silicon carbide producers hold prices stable
2023-04-18 08:34:05 [Print]
BEIJING (Asian Metal) 18 Apr 23 - Despite the dormant market demand, most producers held stable their prices in the past week supported by the firm production costs. Therefore, the current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stand at RMB7,800-8,100/t (USD1,135-1,178/t) EXW D/A 180 days, on par with late last week. As most producers would hold firm their current prices encouraged by the high production costs, insiders believe that the prevailing prices of Chinese black silicon carbide would keep stable in the following week.
A producer in Gansu disclosed, "We quoted RMB8,400/t (USD1,222/t) EXW D/A 180 days for black silicon carbide 99%min 0-10mm Fe2O3 0.5%max free C 0.3%max today without discount, in line with late last week". They concluded their last deal late last week when they signed an order of nearly 66t at about RMB8,400/t (USD1,222/t). Although the market demand stays in low position, they plan to insist on their present prices on basis of the high production costs and forecast that the prevailing prices of Chinese black silicon carbide would stay steady in the week to come.
The producer, with an annual production capacity of 18,000t, expects to produce around 600t in April, compared to about 800t in March. They hold about 500t in stock at present.
Another producer in Ningxia revealed that their prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max today stood at RMB8,600/t (USD1,252/t) EXW D/A 180 days without any counteroffer, in line with late last week. The producer stated, "We concluded our last deal on 10th April when we sold about 72t of 98%min 0-10mm at about RMB9,100/t (USD1,324/t)". Although the market demand stay weak, they plan to hold their prices steady encouraged by the high production costs and hold the view that the prevailing prices of Chinese black silicon carbide would keep flat in the coming week.
On basis of annual production capacity of 32,500t, they predict to produce around 1,100t in April, unchanged MoM. Currently they hold an inventory of around 3,500t.
A producer in Gansu disclosed, "We quoted RMB8,400/t (USD1,222/t) EXW D/A 180 days for black silicon carbide 99%min 0-10mm Fe2O3 0.5%max free C 0.3%max today without discount, in line with late last week". They concluded their last deal late last week when they signed an order of nearly 66t at about RMB8,400/t (USD1,222/t). Although the market demand stays in low position, they plan to insist on their present prices on basis of the high production costs and forecast that the prevailing prices of Chinese black silicon carbide would stay steady in the week to come.
The producer, with an annual production capacity of 18,000t, expects to produce around 600t in April, compared to about 800t in March. They hold about 500t in stock at present.
Another producer in Ningxia revealed that their prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max today stood at RMB8,600/t (USD1,252/t) EXW D/A 180 days without any counteroffer, in line with late last week. The producer stated, "We concluded our last deal on 10th April when we sold about 72t of 98%min 0-10mm at about RMB9,100/t (USD1,324/t)". Although the market demand stay weak, they plan to hold their prices steady encouraged by the high production costs and hold the view that the prevailing prices of Chinese black silicon carbide would keep flat in the coming week.
On basis of annual production capacity of 32,500t, they predict to produce around 1,100t in April, unchanged MoM. Currently they hold an inventory of around 3,500t.
