Monthly Silicon Carbide Market Report Mar 2020

In March, due to the weak downstream demand, the Chinese black silicon carbide market saw slow buying activities.Asian Metal Copyright Thus, the prices of black silicon carbide further moved down in China in March.Asian Metal Copyright Therefore, the Chinese suppliers lowered the prices successively to win more orders.Asian Metal CopyrightIn March, due to the weak downstream demand, the Chinese black silicon carbide market saw slow buying activities.Asian Metal Copyright Thus, the prices of black silicon carbide further moved down in China in March.Asian Metal CopyrightIn March, due to the weak downstream demand, the Chinese black silicon carbide market saw slow buying activities.Asian Metal Copyright However, in view of weak demand, the market remained slow in spite of price decline, leading to increasing stocks.

As the government control removed, the green silicon carbide smelters resumed production since mid-March. The supply of green silicon carbide in China became sufficient and the demand kept weak, leading a price decline of Chinese green silicon carbide.

With the spread of the outbreak of COVID-19 in Europe and America and Southeast Asia, demand from foreign markets decreased and most end consumers refused to purchase because of production restrictions, and strongly held a wait-and-see attitude towards the market outlook. In addition, prices of silicon carbide in domestic market decreased, resulting in a price decline of export price of silicon carbide moved down in March.
.Asian Metal Copyright Therefore, the Chinese suppliers lowered the prices successively to win more orders.Asian Metal Copyright