Luoyang Kaifa plans to resume brown fused alumina production
2023-04-28 08:44:17 [Print]
BEIJING (Asian Metal) 28 Apr 23 - A primary brown fused alumina producer in Henan, Luoyang Kaifa Abrasive Materials Co., Ltd. considers to resuming their brown fused alumina production within two weeks after suspension for nearly half a month.
"We are considering to resuming production within two weeks since they believe the market demand start to recover", a source from the company revealed, noting that they hold about 800t in stock at present, down by nearly 2,400t from early this month.
With a production capacity of 35,000tpy, the company produced about 15,000t in the previous year, while they expect to produce about 17,000t this year. They produced about 1,000t this month.
The current mainstream prices of Chinese brown fused alumina 94.5%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max stand at RMB3,600/t (USD520/t) Ex-VAT EXW D/P in Henan, in line with early this week. Despite the dormant demand, in view of the firm production costs, insiders expect that the prevailing prices of Chinese brown fused alumina would keep steady in the upcoming week.
"We are considering to resuming production within two weeks since they believe the market demand start to recover", a source from the company revealed, noting that they hold about 800t in stock at present, down by nearly 2,400t from early this month.
With a production capacity of 35,000tpy, the company produced about 15,000t in the previous year, while they expect to produce about 17,000t this year. They produced about 1,000t this month.
The current mainstream prices of Chinese brown fused alumina 94.5%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max stand at RMB3,600/t (USD520/t) Ex-VAT EXW D/P in Henan, in line with early this week. Despite the dormant demand, in view of the firm production costs, insiders expect that the prevailing prices of Chinese brown fused alumina would keep steady in the upcoming week.
