Monthly Silicon Carbide Market Report Sep 2022
2022-10-20 11:03:33 【Print】
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Contents
1 Market Highlights 3
2 Economy and Policy 3
3 Market Movements 3
3.1 Chinese Market 3
3.1.1 Black silicon carbide 88%min 0-10mm EXW China 3
3.1.2 Black silicon carbide 98%min 10-30mm EXW China 3
3.1.3 Black silicon carbide 98%min F16-100 EXW China 3
3.1 . 4 Green silicon carbide 98.5%min 10-30mm EXW China 4
3.1 . 5 Green silicon carbide 98.5%min F240 EXW China 4
3.1.6 Green silicon carbide 98%min JIS2000 EXW China 4
3.2 Chinese Export Market 4
3.2.1 Black silicon carbide 88%min 0-10mm FOB China 4
3.2.2 Black silicon carbide 98%min F16-100 FOB China 5
3.2.3 Green silicon carbide 98%min F240 FOB China 5
3.2.4 Green silicon carbide 98%min JIS2000 FOB China 5
3.3 International Market 5
3.3.1 Black silicon carbide 88%min 0-10mm CIF Europe 5
4. Company News 6
4.1 Baijiachangwei to resume black silicon carbide production 6
4.2 DanjiangkouHongyuan to increase black silicon carbide production capacity 6
4.3 Tenglong Solar Materials resumes green silicon carbide production 6
4.4 Shandong Mingxinwo to start green silicon carbide production 6
5 Producers Statistics 6
5.1 Chinese black silicon carbide producers' statistics 6
5.1 . 1 Chinese black silicon carbide producers' operating rate up by 3.22%MoM in September 6
5.1 . 2 Chinese black silicon carbide producers' output up by 0.7% MoM in September 7
5.1 . 3 Chinese black silicon carbide producers' inventory down by 6.26% MoM in September 7
5.2 Chinese Green silicon carbide producers' statistics 8
5.2 . 1 Chinese green silicon carbide producers' operating rate down by 0.48% MoM in September 8
5.2 . 2 Chinese green silicon carbide producers' output up by 8.06% MoM in September 8
5.2 . 3 Chinese green silicon carbide producers' inventory up by 3.51% MoM in September 8
6 Custom Statistics 8
6.1 China's silicon carbide export volume rose 23.29% YoY in Aug 2022 8
7 Relevant Industry News 9
7.1 Chinese FeSi market 9
8 Market Outlook for Next Month 10
8.1 Chinese market 10
8.1.1 Black silicon carbide 88%min 0-10mm EXW China 10
8.1.2 Black silicon carbide 98%min 10-30cm EXW China 10
8.1.3 Black silicon carbide 98%min F16-100 EXW China 10
8.1 . 4 Green silicon carbide 98.5%min 10-30cm EXW China 10
8.1.5 Green silicon carbide 98%min F240 EXW China 10
8.1.6 Green silicon carbide 98%min JIS2000 EXW China 10
8.2 Chinese export market 10
8.2.1 Black silicon carbide 88%min 0-10mm FOB China 10
8.2.2 Black silicon carbide 98%min F16-100 FOB China 10
8.2.3 Green silicon carbide 98%min F240 FOB China 10
8.2.4 Green silicon carbide 98%min JIS2000 FOB China 10
8.3 International market 10
8.3.1 Black silicon carbide 88%min 0-10mm CIF Europe 10
1 Market Highlights
Black silicon carbide
Driven by the recovering market demand and the firm production cost, most producers raised their prices for black silicon carbide 98%min this month. Due to weak market demand but high raw material prices, most producers firmed their prices for black silicon carbide 88%min.
Owing to the soft market demand and the appreciating of US dollars against Chinese Yuan, most exporters lowered their prices to compete for orders this month.
Green silicon carbide
Despite the weak market demand, most producers insisted on their prices this month supported by the high prices of petroleum coke.
Most exporters lowered their prices this month given that the overseas buyers' demand remained soft and the exchange rate of US dollars against Chinese Yuan kept increasing.
2 Economy and Policy
2.1 Henan to build important refractory material production base in China
According to the Action Plan on Restructuring Material Industry of Henan publicized by Henan government recently, the province aims to become an important refractory material production base in China by cultivating local industries covering functional refractory materials, high-efficiency thermal insulation material, key refractory materials used in hydrogen metallurgy, and high-temperature protection suit used in military and emerging industries.
No new projects of refractory factory would be launched this month in Henan.
3 Market Movements
3.1 Chinese Market
3.1.1 Black Silicon Carbide 88%min 0-10mm EXW China
In late September, the mainstream prices of Chinese black silicon carbide 88%min 0-10mm stood at RMB7,000-7,300/t (USD973-1015/t) Inc-VAT EXW D/A 180 days, unchanged from late last month. Given the sluggish demand but firm production cost, most producers firmed their prices.
Black Silicon Carbide 88%min 0-10mm EXW China Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
3.1.2 Black Silicon Carbide 98%min 10-30mm EXW China
In late September, the prevailing prices of Chinese black silicon carbide 98%min 10-30cm hovered at RMB8,600-8,900/t (USD1,197-1,239/t) Inc-VAT EXW D/A 180 days, up by RMB100/t (USD15/t) from late last month. Given the recovered demand from downstream buyers and the increasing production costs, most producers increased their prices.
Black Silicon Carbide 98%min 10-30mm EXW China Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
3.1.3 Black silicon carbide 98%min F16-100 EXW China
In late September, the prevailing prices of Chinese black silicon carbide 98%min F16-100 hovered at RMB10,900-11,200/t (USD1,515-1,558/t) Inc-VAT EXW D/A 180 days, up by RMB100/t (USD15/t) from late last month. Given the recovered demand and the rising production costs, most producers raised their prices.
Black silicon carbide 98%min F16-100 EXW China Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
3.1 . 4 Green Silicon Carbide 98.5%min 10-30mm EXW China
In late September, the mainstream prices of Chinese green silicon carbide 98.5%min F240 stood at RMB15,400-15,600/t (USD2,142-2,169/t) Inc-VAT EXW D/A 180 days, unchanged from late last month . Given the soft market demand but high petroleum coke prices, most producers firmed their prices.
Green Silicon Carbide 98.5%min 10-30mm EXW China Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
3.1 . 5 Green Silicon Carbide 98.5%min F240 EXW China
In late September, the prevailing prices of Chinese green silicon carbide 98.5%min F240 stood at RMB20,800-21,300/t (USD2,893-2,962/t) Inc-VAT EXW D/A 180 days, unchanged from late last month . In view of the firm raw material prices but sluggish market demand, most processing plants still held their prices of micro powder firm.
Green Silicon Carbide 98.5%min F240 EXW China Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
3.1.6 Green Silicon Carbide 98%min JIS2000 EXW China
In late September, the mainstream prices of Chinese green silicon carbide 98.5%min JIS2000 stood at RMB27,000-28,000/t (USD3,755-3,894/t) Inc-VAT EXW D/A 180 days, unchanged from late last month . In consideration of the buyers' weak demand but firm raw material prices, most processing plants still kept their prices unchanged.
Green Silicon Carbide 98%min JIS2000 EXW China Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
3.2 Chinese Export Market
3.2.1 Black Silicon Carbide 88%min 0-10mm FOB China
In late September, the mainstream export prices of Chinese black silicon carbide 88%min 0-10mm stood at USD1,090-1,120/t Inc-VAT FOB China, down by USD110/t from late last month. Owing to the weak overseas market demand and the increasing US dollars against Chinese Yuan, most exporters decreased their prices to compete for orders.
Black Silicon Carbide 88%min 0-10mm FOB China Price Trend from 2022-08-01 to 2022-09-29 (USD/t)
3.2.2 Black Silicon Carbide 98%min F16-100 FOB China
In late September, the mainstream export prices of Chinese black silicon carbide 98%min F16-100 stood at USD1,670-1,700/t Inc-VAT FOB China, down by USD60/t from late last month. Due to the dormant overseas market demand and the increasing US dollars against Chinese Yuan, most exporters lowered their prices to compete for orders.
Black Silicon Carbide 98%min F16-100 FOB China Price Trend from 2022-08-01 to 2022-09-29 (USD/t)
3.2.3 Green Silicon Carbide 98%min F240 FOB China
In late September, the mainstream export prices of Chinese green silicon carbide 98%min F240 stood at USD3,340-3,440/t Inc-VAT FOB China, down by USD40/t from late last month. Due to the sluggish overseas market demand and the increasing US dollars against Chinese Yuan, most exporters cut their prices to compete for orders.
Green Silicon Carbide 98%min F240 FOB China Price Trend from 2022-08-01 to 2022-09-29 (USD/t)
3.2.4 Green Silicon Carbide 98%min JIS2000 FOB China
In late September, the mainstream export prices of Chinese green silicon carbide 98%min JIS2000 stood at USD4,350-4,450/t Inc-VAT FOB China, down by USD50/t from late last month. Due to the dormant overseas market demand and the increasing US dollars against Chinese Yuan, most exporters reduced their prices to compete for orders.
Green Silicon Carbide 98%min JIS2000 FOB China Price Trend from 2022-08-01 to 2022-09-29 (USD/t)
3.3 International Market
3.3.1 Black Silicon Carbide 88%min 0-10mm CIF Europe
In late September, the mainstream prices of black silicon carbide 88%min 0-10mm hovered at EUR1,220-1,270/t CIF Europe, down by EUR110/t from late last month. Discouraged by the dropped prices in Chinese market and reduced market demand in European market, most suppliers in Europe slightly lowered their prices to promote sales.
Black Silicon Carbide 88%min 0-10mm Delivered Europe Price Trend from 2022-08-01 to 2022-09-29 (EUR/t)
4. Company News
4.1 Baijiachangwei to resume black silicon carbide production
A major black silicon carbide producer in China, Lanzhou Baijiachangwei Alloy Co., Ltd . plans to resume production on 26th September and expects to produce about 200t in September . The company suspended production on 3rd September for equipment maintenance . With a production capacity of 55,000tpy and no inventory at the moment, the company expects to produce about 3,000t in October.
4.2 Danjiangkou Hongyuan to increase black silicon carbide production capacity
A major black silicon carbide producer in China, Danjiangkou Hongyuan Silicon Carbide Co., Ltd . finished construction of a 35,000kVA furnace in early September and planned to put into production on 4th October, expecting an increased annual production capacity of 35,000t and an increased output to about 1,500t in October . With a current production capacity of 15,000tpy and no inventory, the company produced about 9,000t so far in 2022 and expected to produce about 16,000t this year.
4.3 Tenglong Solar Materials resumes green silicon carbide production
A major green silicon carbide producer in China, Shimianxian Tenglong Solar Materials Co., Ltd . resumed green silicon carbide production on 13th September, expecting an output of nearly 300t in September . The company planned to resume production in early June but had to postpone due to weak demand . Their output in October would increase to about 500t . With a current production capacity of 8,000tpy, the company produced about 3,000t of green silicon carbide in 2021 and expected to produce about 2,000t of green silicon carbide this year . The company holds no inventory at the moment.
4.4 Shandong Mingxinwo to start green silicon carbide production
A major greensilicon carbide producer in China, Shandong Mingxinwo New Materials Co., Ltd . plans to start green silicon carbide production since early October, expecting an output of nearly 200t in October . The company halted production from March and relocated their factory from Qinghai to Shandong in early June due to the environmental protection policy in Qinghai . With a current production capacity of 5,000tpy, the company expected to produce about 800t of green silicon carbide this year.
5 Producers Statistics
5.1 Chinese black silicon carbide producers' statistics
5.1 . 1 Chinese black silicon carbide producers' operating rate up by 3.22%MoM in September
In September 2022, Chinese black silicon carbide producers' operating rate was 55.84%, up by 3 . 22% MoM and up by 7 . 20% YoY.
Chinese black silicon carbide producers' operating rate from Sep 2021 to Sep 2022 (%)
Chinese black silicon carbide producers' operating rate by province from Sep 2021 to Sep 2022 (%)
In September 2022, the black silicon carbide producers' operating rate in Gansu was 57.96%, up by 2 . 16% MoM and up by 5 . 14% YoY; that in Ningxia was 56 . 87%, up by 4 . 73% and up by 19 . 49% YoY; that in Inner Mongolia was 54 . 05%, unchanged MoM and down by 16 . 76% YoY; that in other areas was 20 . 00%, up by 3 . 87% MoM and down by 28 . 39% YoY.
5.1 . 2 Chinese black silicon carbide producers' output up by 0.7% MoM in September
In September 2022, Chinese black silicon carbide producers' output was 86,600t, up by 0.7% MoM and up by 9 . 76% YoY.
Chinese black silicon carbide producers' output from Sep 2021 to Sep 2022 (t)
In September 2022, the black silicon carbide producers' output in Gansu was 41,100t, up by 1.48% MoM and up by 5 . 38% YoY; that in Ningxia was 34,500t, unchanged MoM and up by 44 . 96% YoY; that in Inner Mongolia was 10,000t, unchanged MoM and down by 23 . 66% YoY; that in other areas was 1,000t, unchanged MoM and down by 66 . 67% YoY.
Chinese black silicon carbide producers' output by province from Sep 2021 to Sep 2022 (t)
5.1 . 3 Chinese black silicon carbide producers' inventory down by 6.26% MoM in September
In September 2022, Chinese black silicon carbide producers' inventory was 65,900t, down by 6.26% MoM and up by 115 . 36% YoY.
Chinese black silicon carbide producers' inventory from Sep 2021 to Sep 2022 (t)
In September 2022, the black silicon carbide producers' inventory in Gansu was 28,400t, down by 18.39% MoM and up by 85 . 62% YoY; that in Ningxia was 20,000t, unchanged MoM and up by 94 . 17% YoY; that in Inner Mongolia was 16,000t, up by 14 . 29%t MoM and up by 220 . 00% YoY; that in other areas was 1,500t, unchanged MoM and up by 275 . 00% YoY.
Chinese black silicon carbide producers' inventory by province from Sep 2021 to Sep 2022 (t)
5.2 Chinese Green silicon carbide producers' statistics
5.2 . 1 Chinese green silicon carbide producers' operating rate down by 0.48% MoM in September
In September 2022, Chinese green silicon carbide producers operating rate was 29.96%, down by 0 . 48% MoM and down by 13 . 25% YoY.
Chinese green silicon carbide producers' operating rate from Sep 2021 to Sep 2022 (t)
5.2 . 2 Chinese green silicon carbide producers' output up by 8.06% MoM in September
In September 2022, Chinese green silicon carbide producers' output was 6,700t, up by 8.06% MoM and down by 23 . 86% YoY.
Chinese green silicon carbide producers' output from Sep 2021 to Sep 2022 (%)
5.2 . 3 Chinese green silicon carbide producers' inventory up by 3.51% MoM in September
In September 2022, Chinese green silicon carbide producers' inventory was 5900t, up by 3.51% MoM and down by 6 . 35% YoY.
Chinese green silicon carbide producers' inventory from Sep 2021 to Sep 2022 (t)
6 Custom Statistics
6.1 China's silicon carbide export volume rose 23.29% YoY in Aug 2022
In Aug 2022, China exported 42,983.31mt of silicon carbide, 34,862 . 49mt in the same period last year and 42,220 . 42mt in the previous month, up 23 . 29% YoY and up 1 . 81% MoM.
In Aug 2022, China exported USD48,842,628.00 worth of silicon carbide, USD32,733,911 . 00 in the same period last year and USD56,089,589 . 00 in the previous month, up 49 . 21% YoY and down 12 . 92% MoM . The average price was USD1,136.32/mt, USD938.94/mt in the same period last year and USD1,328.49/mt in the previous month.
In Jan-Aug 2022, China exported a total of 284,325.06mt of silicon carbide, 225,130 . 09mt in the same period last year, up 26 . 29% YoY.
China's export volume of silicon carbide in previous 13 months
China's export price of silicon carbide in previous 13 months
In Aug 2022, the top three export destinations of silicon carbide for China were United States, Japan and Netherlands.
China exported 19,916.03mt of silicon carbide to United States, 8,222 . 98mt in the same period last year and 16,592 . 70mt in the previous month, up 142 . 20% YoY and up 20 . 03% MoM . The average price was USD613.17/mt, USD463.64/mt in the same period last year and USD899.45/mt in the previous month, up 32 . 11% YoY and down 31 . 81% MoM.
China exported 5,236.33mt of silicon carbide to Japan, 6,356 . 98mt in the same period last year and 5,746 . 65mt in the previous month, down 17 . 63% YoY and down 8 . 88% MoM . The average price was USD2,283.61/mt, USD1,564.88/mt in the same period last year and USD2,344.00/mt in the previous month, up 45 . 94% YoY and down 2 . 56% MoM.
China exported 3,690.00mt of silicon carbide to Netherlands, 7,533 . 32mt in the same period last year and 3,752 . 00mt in the previous month, down 51 . 02% YoY and down 1 . 65% MoM . The average price was USD1,013.96/mt, USD754.44/mt in the same period last year and USD1,125.18/mt in the previous month, up 34 . 48% YoY and down 9 . 87% MoM.
China's export volume of silicon carbide to top three countries in previous 13 months
China's export price of silicon carbide to top three countries in previous 13 months
7 Relevant Industry News
7.1 Chinese FeSi market
In late September, the mainstream prices of Chinese FeSi 72%min stood at RMB7,900-8,100/t (USD1,097-1,125/t) EXW D/P, up by RMB300/t (USD45/t) from late last month. The increase of FeSi prices led to increased demand for metallurgical silicon carbide.
Chinese ferro-silicon 72%min Price Trend from 2022-08-01 to 2022-09-29 (RMB/t)
8 Market Outlook for Next Month
8.1 Chinese market
8.1.1 Black silicon carbide 88%min 0-10mm EXW China
Although the market demand for black silicon carbide would stay soft in October, given the increasing production costs, the prices of this product would stay stable.
8.1.2 Black silicon carbide 98%min 10-30cm EXW China
Despite that the market demand for black silicon carbide would stay soft in October, considering the increasing production costs, the prices of this product would stay firm.
8.1.3 Black silicon carbide 98%min F16-100 EXW China
Despite that the market demand for black silicon carbide would stay soft next month, in view of the rising production costs, the prices of this product would keep firm.
8.1 . 4 Green silicon carbide 98.5%min 10-30cm EXW China
Considering that the petroleum coke prices in Xinjiang stay high in late September, the prices of green silicon carbide would stay firm in the following month.
8.1.5 Green silicon carbide 98%min F240 EXW China
Given that the petroleum coke prices in Xinjiang remain firm in late September, the prices of green silicon carbide would keep steady next month.
8.1.6 Green silicon carbide 98%min JIS2000 EXW China
In view of the high prices of the petroleum coke prices in Xinjiang in late September, the prices of green silicon carbide would keep unchanged next month.
8.2 Chinese export market
8.2.1 Black silicon carbide 88%min 0-10mm FOB China
Considering the weak overseas market demand and the appreciating of US dollars against Chinese Yuan, the export prices would decrease accordingly next month.
8.2.2 Black silicon carbide 98%min F16-100 FOB China
Despite the weak overseas market demand, given the firm domestic prices, the export prices would keep steady next month.
8.2.3 Green silicon carbide 98%min F240 FOB China
In spite of the soft overseas market demand, given the high domestic prices, the export prices would stay steady next month.
8.2.4 Green silicon carbide 98%min JIS2000 FOB China
Although the overseas market demand remains soft, given the high domestic prices, the export prices would stay stable next month.
8.3 International market
8.3.1 Black silicon carbide 88%min 0-10mm CIF Europe
Discouraged by the decreased prices in Chinese export market, the prices in European market would go down in the following month.