Chinese brown fused alumina market saw shrunk demand
2023-03-06 08:33:15 [Print]
BEIJING (Asian Metal) 6 Mar 23 - Owing to the dim end market, most producers saw shrunk demand since mid-February. Nonetheless, they still firmed their prices this week supported by the high production costs. Therefore, the present prevailing prices of Chinese brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max stand at RMB5,350-5,550/t (USD775-803/t) EXW D/A 180 days, unchanged from late last week. As most producers intend to firm prices based on the high production costs, insiders estimate that the prevailing prices of Chinese brown fused alumina would keep firm in the upcoming week.
A producer in Henan claimed, "We sold around 1,100t in January, while we only sold 700t in February owing to the declining demand". However, they kept their price for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max unchanged from late last week at RMB5,400/t (USD782/t) EXW D/A 180 days with no counteroffer. They last sold about 66t to an exporter at around RMB4,700/t (USD680/t) Ex-VAT early last week. Despite that their buyers hold their purchasing plan, in light of the high production cost, they have no intention to lower their price and estiamte that the prevailing prices of Chinese fused alumina would stay firm in the week to come.
The producer, based on an annual production capacity of 45,000t, plans to produce about 1,800t in March, in line with last month. Currently they have an inventory of almost 1,200t.
Another producer in Henan sold about 4,000t in February, roughly in line with last month, but decreased by almost 20% compared to same period last year. They offered RMB5,400/t (USD782/t) EXW D/P today for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max with a concession as much as RMB50/t (USD7/t), on par with late last week. The producer claimed, "We just sold about 66t this morning to a local client at around RMB5,400/t (USD782/t)". Despite the weak market demand, given the hgih production costs, they determined to keep their price unchanged and predict that the prevailing prices of Chinese brown fused alumina would keep steady in the week to come.
With an annual production capacity of 48,000t, they plan to produce about 3,000t in March, unchanged MoM. Currently they hold stocks of nearly 4,000t.
A producer in Henan claimed, "We sold around 1,100t in January, while we only sold 700t in February owing to the declining demand". However, they kept their price for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max unchanged from late last week at RMB5,400/t (USD782/t) EXW D/A 180 days with no counteroffer. They last sold about 66t to an exporter at around RMB4,700/t (USD680/t) Ex-VAT early last week. Despite that their buyers hold their purchasing plan, in light of the high production cost, they have no intention to lower their price and estiamte that the prevailing prices of Chinese fused alumina would stay firm in the week to come.
The producer, based on an annual production capacity of 45,000t, plans to produce about 1,800t in March, in line with last month. Currently they have an inventory of almost 1,200t.
Another producer in Henan sold about 4,000t in February, roughly in line with last month, but decreased by almost 20% compared to same period last year. They offered RMB5,400/t (USD782/t) EXW D/P today for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max with a concession as much as RMB50/t (USD7/t), on par with late last week. The producer claimed, "We just sold about 66t this morning to a local client at around RMB5,400/t (USD782/t)". Despite the weak market demand, given the hgih production costs, they determined to keep their price unchanged and predict that the prevailing prices of Chinese brown fused alumina would keep steady in the week to come.
With an annual production capacity of 48,000t, they plan to produce about 3,000t in March, unchanged MoM. Currently they hold stocks of nearly 4,000t.
