Monthly Silicon Carbide Market Report Mar 2020
2020-04-12 13:40:32 【Print】
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In March, due to the weak downstream demand, the Chinese black silicon carbide market saw slow buying activities
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.
. Therefore, the Chinese suppliers lowered the prices successively to win more orders . Thus, the prices of black silicon carbide further moved down in China in March . 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.