Chinese black silicon carbide market inventory increases
2023-04-21 08:27:00 [Print]
BEIJING (Asian Metal) 21 Apr 23 – Due to the weak demand and soft prices, downstream buyers tend to hold back their orders and watch the market which lead to the rising inventory of black silicon carbide. The prevailing 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 (USD1,132-1,176/t) EXW D/A 180 days, in line with early this week. Although most producers have severe inventory accumulation, they would rather shut down to lower their prices further supported by the high production costs. Thus, insiders believe that the prices of Chinese black silicon carbide would keep steady in the forthcoming week.
"We quote RMB7,700/t (USD1,118/t) EXW D/P for black silicon carbide 97%min 10-30cm Fe2O3 0.6%max free C 0.3%max today and could give a concession of RMB50/t (USD7/t) at most, in line with early this week." a producer in Gansu stated. They just sold around 66t of 97%min 0-10mm at around RMB7,900/t (USD1,146/t). Due to weak market demand, their inventory increased by nearly 15% in the past month. However, they still prefer to hold their prices stable based on the high production cost and believe that the mainstream prices of Chinese black silicon carbide would remain steady in the following week.
With an annual production capacity of 66,000t, the producer expects to produce about 4,800t in April, in line with last month. They hold over 5,000t of stocks at present, up by nearly 15% from last month.
Another producer in Gansu claimed that they quoted RMB7,900/t (USD1,146/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.4%max free C 0.2%max at present without any counteroffer, on par with early this week. The producer stated, "We concluded our last deal this Monday when we sold about 66t at about RMB7,900/t (USD1,146/t)." Due to their buyers' weak demand, their inventory increased by over 30% MOM. However, given the firm production costs, they decide to hold the prices firm and estimate that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
The producer, with an annual capacity of 48,000t, expects to produce about 3,000t in April, on par with March. They hold around 4,000t of stocks at present, increased by over 30% MOM.
"We quote RMB7,700/t (USD1,118/t) EXW D/P for black silicon carbide 97%min 10-30cm Fe2O3 0.6%max free C 0.3%max today and could give a concession of RMB50/t (USD7/t) at most, in line with early this week." a producer in Gansu stated. They just sold around 66t of 97%min 0-10mm at around RMB7,900/t (USD1,146/t). Due to weak market demand, their inventory increased by nearly 15% in the past month. However, they still prefer to hold their prices stable based on the high production cost and believe that the mainstream prices of Chinese black silicon carbide would remain steady in the following week.
With an annual production capacity of 66,000t, the producer expects to produce about 4,800t in April, in line with last month. They hold over 5,000t of stocks at present, up by nearly 15% from last month.
Another producer in Gansu claimed that they quoted RMB7,900/t (USD1,146/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.4%max free C 0.2%max at present without any counteroffer, on par with early this week. The producer stated, "We concluded our last deal this Monday when we sold about 66t at about RMB7,900/t (USD1,146/t)." Due to their buyers' weak demand, their inventory increased by over 30% MOM. However, given the firm production costs, they decide to hold the prices firm and estimate that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
The producer, with an annual capacity of 48,000t, expects to produce about 3,000t in April, on par with March. They hold around 4,000t of stocks at present, increased by over 30% MOM.
