Chinese black silicon carbide producers reduce prices
2023-04-25 08:26:31 [Print]
BEIJING (Asian Metal) 25 Apr 23 – Due to the dormant market demand, most producers reduced their prices this week to compete for orders, in spite of the firm production costs. The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stand at RMB7,700-8,000/t (USD1,116-1,160/t) EXW D/A 180 days, down by RMB100/t(USD14/t) from late last week. Considering that most producers plan to hold stable prices based on the high production costs, insiders estimate that the prevailing prices of Chinese black silicon carbide would stay stable in the following week.
A producer in Gansu disclosed, "We quoted RMB7,800/t (USD1,116/t) EXW D/A 180 days for black silicon carbide 99%min 0-10mm Fe2O3 0.5%max free C 0.2%max today with a discount of RMB100/t(USD14/t) at most, down by RMB100/t(USD14/t) from late last week". Their last deal dated back to late last week when they sold about 66t at nearly RMB7,800/t (USD1,116/t). Despite that the market demand remains weak, they would insist on their present prices based on the high production costs and predict that the prevailing prices of Chinese black silicon carbide would stay stable in the week to come.
The producer, with an annual production capacity of 74,000t, expects to produce around 4,000t in April, in line with March. They hold about 5,000t in stock at present.
Another producer in Gansu revealed that their prices for black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.3%max today stood at RMB7,600/t (USD1,102/t) EXW D/A 180 days with a concession as much as RMB100/t(USD14/t), dropped by RMB100/t(USD14/t) from late last week. The producer claimed, "We closed our latest deal about 10 days ago when we sold about 66t at around RMB7,600/t (USD1,102/t)". Despite the weak market demand, they would hold their prices unchanged supported by the high production costs and forecast that the prevailing prices of Chinese black silicon carbide would stay flat in the coming week.
On basis of annual production capacity of 20,000t, they predict to produce around 1,000t in April, unchanged MoM. Currently they hold an inventory of around 3,000t.
A producer in Gansu disclosed, "We quoted RMB7,800/t (USD1,116/t) EXW D/A 180 days for black silicon carbide 99%min 0-10mm Fe2O3 0.5%max free C 0.2%max today with a discount of RMB100/t(USD14/t) at most, down by RMB100/t(USD14/t) from late last week". Their last deal dated back to late last week when they sold about 66t at nearly RMB7,800/t (USD1,116/t). Despite that the market demand remains weak, they would insist on their present prices based on the high production costs and predict that the prevailing prices of Chinese black silicon carbide would stay stable in the week to come.
The producer, with an annual production capacity of 74,000t, expects to produce around 4,000t in April, in line with March. They hold about 5,000t in stock at present.
Another producer in Gansu revealed that their prices for black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.3%max today stood at RMB7,600/t (USD1,102/t) EXW D/A 180 days with a concession as much as RMB100/t(USD14/t), dropped by RMB100/t(USD14/t) from late last week. The producer claimed, "We closed our latest deal about 10 days ago when we sold about 66t at around RMB7,600/t (USD1,102/t)". Despite the weak market demand, they would hold their prices unchanged supported by the high production costs and forecast that the prevailing prices of Chinese black silicon carbide would stay flat in the coming week.
On basis of annual production capacity of 20,000t, they predict to produce around 1,000t in April, unchanged MoM. Currently they hold an inventory of around 3,000t.
