Chinese tabular fused alumina market sees stable prices

BEIJING (Asian Metal) 9 Mar 23 – Despite that the market demand stayed dormant in the past two weeks, given the firm alumina prices, most producers held their prices stable this week.Asian Metal Copyright They have stocks of about 1,200t at present.Asian Metal Copyright Hence, the present prevailing prices of Chinese tabular fused alumina 99.Asian Metal Copyright They have stocks of about 1,200t at present.Asian Metal Copyright5%min 1-3mm Fe2O3 0.Asian Metal Copyright They revealed that their clients cut down on purchasing volume by almost 10% in Q1 due to dim end market.Asian Metal Copyright08%max NaO2 0.Asian Metal Copyright08%max NaO2 0.Asian Metal Copyright3%max SiO2 0.1%max stand at RMB4,600-4,700/t (USD662-676/t) EXW D/A 180 days, in line with early this week.Asian Metal Copyright Based on an annual production capacity of 100,000t, they plan to produce about 6,000t in March, in line with last month.Asian Metal Copyright Considering that most producers plan to insist on their current prices based on the high production costs, insiders predict that the prevailing prices of Chinese tabular fused alumina would stay steady in the following week.

A producer in Shandong revealed, "We quoted RMB4,700/t (USD676/t) EXW D/A 180 days for tabular fused alumina 99.5%min 1-3mm Fe2O3 0.Asian Metal Copyright Despite the weak demand, given that the imported alumina Al2O3 98.Asian Metal Copyright08%max NaO2 0.Asian Metal Copyright5%min 1-3mm Fe2O3 0.Asian Metal Copyright3%max SiO2 0.1%max and made a concession as much as RMB50/t (USD7/t), on par with early this week." Their last deal dated back to early last week when they sold about 150t to a local refractory plant at about RMB4,650/t (USD669/t).Asian Metal Copyright1%max and made a concession as much as RMB50t USD7t, on par with early this week.Asian Metal Copyright They revealed that their clients cut down on purchasing volume by almost 10% in Q1 due to dim end market.Asian Metal Copyright3%max SiO2 0.Asian Metal Copyright Despite that they only maintain orders from regular clients, in consideration of the firm imported alumina prices, they would stick to their price and estimate that the mainstream prices of Chinese tabular fused alumina would keep steady in the week to come.

With an annual production capacity of 120,000t, they plan to produce around 6,000t in March, in line with last month. They have stocks of about 1,200t at present.

Another producer in Shandong quoted RMB4,600/t (USD662/t) EXW D/A 180days for tabular fused alumina 99.3%min 1-3mm Fe2O3 0.Asian Metal Copyright3%max SiO2 0.Asian Metal Copyright08%max NaO2 0.Asian Metal Copyright1%max and made a concession as much as RMB50t USD7t, on par with early this week.Asian Metal Copyright4%max SiO2 0.1%max and could accept a concession of RMB50/t (USD7/t) at most, unchanged from early this week. The producer claimed, "We closed our latest deal this morning, when we sold about 66t to a client from refractory industry at around RMB4,600/t (USD662/t), while we failed to receive inquiries from new clients in the last two weeks".Asian Metal Copyright Another producer in Shandong quoted RMB4,600t USD662t EXW DA 180days for tabular fused alumina 99.Asian Metal Copyright Despite the weak demand, given that the imported alumina Al2O3 98.Asian Metal Copyright3%max SiO2 0.Asian Metal Copyright5%min Na2O 0.35%max they just bought in early March stand at around RMB3,000/t (USD431/t), they have no willingness to cut their price to boost sales and forecast that the prevailing prices of Chinese tabular fused alumina would stay steady in the upcoming week.

Based on an annual production capacity of 100,000t, they plan to produce about 6,000t in March, in line with last month. Currently they hold an inventory of nearly 3,000t.

.Asian Metal CopyrightBEIJING Asian Metal 9 Mar 23 – Despite that the market demand stayed dormant in the past two weeks, given the firm alumina prices, most producers held their prices stable this weekAsian Metal Copyright