Monthly Silicon Carbide Market Report May 2020
2020-06-12 22:47:10 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Market Highlights
In May, due to the weak downstream demand, the Chinese black silicon carbide market remained dim. However, supported by the firm production cost, the suppliers had no intentions to lower the prices. Therefore, the prices of black silicon carbide kept weakly stable in China in May. Some producers still stayed in suspension on account of the slow sales.
In May, the green silicon carbide smelters kept regular production. However, due to the weak demand, the green silicon carbide market saw increasing stocks in May. The suppliers of green silicon carbide in China lowered the prices successively to compete for more orders, resulting in price decline of Chinese green silicon carbide this month.
Considering the low operating rate in foreign countries, demand from overseas markets remained weak and strongly held a wait-and-see attitude towards the market. In May, the export prices of black silicon carbide stayed steady due to firm prices in domestic market, while the export prices of green silicon carbide moved down with the price decline in China.
In May, due to the weak downstream demand, the Chinese black silicon carbide market remained dim. However, supported by the firm production cost, the suppliers had no intentions to lower the prices. Therefore, the prices of black silicon carbide kept weakly stable in China in May. Some producers still stayed in suspension on account of the slow sales.
In May, the green silicon carbide smelters kept regular production. However, due to the weak demand, the green silicon carbide market saw increasing stocks in May. The suppliers of green silicon carbide in China lowered the prices successively to compete for more orders, resulting in price decline of Chinese green silicon carbide this month.
Considering the low operating rate in foreign countries, demand from overseas markets remained weak and strongly held a wait-and-see attitude towards the market. In May, the export prices of black silicon carbide stayed steady due to firm prices in domestic market, while the export prices of green silicon carbide moved down with the price decline in China.
