Monthly Fused Alumina Market Report Aug 2020
2020-09-13 14:36:31 【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
Due to the weak demand from downstream clients, the brown fused alumina market remained slow in August. Most producers still kept in suspension due to the high stocks and slow sales. Therefore, they cut the prices to compete for more orders, resulting in price decline of Chinese brown fused alumina in August.
Given the price decline of raw material alumina, the Chinese white fused alumina suppliers cut the prices in August. Thus, the prices of Chinese white fused alumina moved down in August.
In spite of the price decline of brown fused alumina in domestic market, the export traders held the prices firm due to depreciation of USD against CNY. Therefore, the export prices of Chinese brown fused alumina stayed firm in August.
Although the domestic prices of white fused alumina reduced, the export suppliers kept the export prices with depreciation of USD against CNY. Therefore, the export prices of Chinese white fused alumina remained unchanged in August.
In spite of the weak demand in India, the suppliers held the prices firm. Therefore, the prices of brown fused alumina in India stayed steady this month. In Europe, the prices of brown fused alumina and white fused alumina went soft in August due to the slow market dragged by the weak demand.
Due to the weak demand from downstream clients, the brown fused alumina market remained slow in August. Most producers still kept in suspension due to the high stocks and slow sales. Therefore, they cut the prices to compete for more orders, resulting in price decline of Chinese brown fused alumina in August.
Given the price decline of raw material alumina, the Chinese white fused alumina suppliers cut the prices in August. Thus, the prices of Chinese white fused alumina moved down in August.
In spite of the price decline of brown fused alumina in domestic market, the export traders held the prices firm due to depreciation of USD against CNY. Therefore, the export prices of Chinese brown fused alumina stayed firm in August.
Although the domestic prices of white fused alumina reduced, the export suppliers kept the export prices with depreciation of USD against CNY. Therefore, the export prices of Chinese white fused alumina remained unchanged in August.
In spite of the weak demand in India, the suppliers held the prices firm. Therefore, the prices of brown fused alumina in India stayed steady this month. In Europe, the prices of brown fused alumina and white fused alumina went soft in August due to the slow market dragged by the weak demand.
