Guizhou Yinxing resumed brown fused alumina production
2023-03-02 08:37:41 [Print]
BEIJING (Asian Metal) 2 Mar 23 - A major brown fused alumina producer in Guizhou, Guizhou Yinxing New Materials Co., Ltd. resumed production today after the local power supply restored, expecting an output of nearly 1,200t in March.
"We suspended production in early December due to the power supply shortage in Guizhou and resumed production today", a source from the company disclosed, noting that they received no orders so far due to the sluggish demand, but plan to produce about 1,200t in March.
With a production capacity of 45,000tpy, the company produced about 15,000t in 2022 while they produced about 25,000t in 2021. Currently they hold no inventory.
The current mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at RMB4,700-4,900/t (USD683-713/t) EXW D/P in Guizhou, on par with early this week. The market saw limited deals as the market demand remained in low position. However, in consideration of the firm production costs, insiders believe that the prevailing prices of Chinese brown fused alumina would stay stable in the coming week.
"We suspended production in early December due to the power supply shortage in Guizhou and resumed production today", a source from the company disclosed, noting that they received no orders so far due to the sluggish demand, but plan to produce about 1,200t in March.
With a production capacity of 45,000tpy, the company produced about 15,000t in 2022 while they produced about 25,000t in 2021. Currently they hold no inventory.
The current mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at RMB4,700-4,900/t (USD683-713/t) EXW D/P in Guizhou, on par with early this week. The market saw limited deals as the market demand remained in low position. However, in consideration of the firm production costs, insiders believe that the prevailing prices of Chinese brown fused alumina would stay stable in the coming week.
