Chinese green silicon carbide market sees stable prices
2023-03-10 08:33:32 [Print]
BEIJING (Asian Metal) 10 Mar 23 – Despite that the market demand stayed weak, most producers insisted on their prices this week supported by the firm petroleum prices. Hence, the current prevailing prices of Chinese green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max stand at RMB14,800-15,000/t (USD2,122-2,151/t) EXW D/A 180 days, unchanged from early this week. As most producers prefer to firm their prices in light of the stable petroleum coke prices, insiders predict that the mainstream Chinese green carbide prices would remain stable in the following week.
A producer in Xinjiang kept their quotation for green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max stable at RMB15,000/t (USD2,151/t) EXW D/A 180 days today and could not give any discount, unchanged from early this week. They disclosed, "We just signed an order with a regular client yesterday of 100t at around RMB15,000/t (USD2,151/t)". Although the market demand remains in low position, considering that the price of petroleum coke stays high, they plan to firm their price and think that the prevailing prices of Chinese green silicon carbide would keep stable in the upcoming week.
Based on an annual production capacity of 18,000t, they expect to produce around 1,000t in March, compared to about 300t last month due to Spring Festival holiday. They hold an inventory of nearly 300t presently.
Another producer in Xinjiang claimed, "We offered RMB15,000/t (USD2,151/t) EXW D/A 180 days for green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max today and made no counteroffer, on par with early this week". They just sold about 200t to a regular client at around RMB14,800/t (USD2,122/t) D/P this Tuesday. Despite that the market demand stayed dormant since late February, on basis of the high raw material prices, they have no plan to cut their price and estimate that the prevailing prices of Chinese green silicon carbide would stay steady in the week to come.
With an annual production capacity of 45,000t, they plan to produce about 1,200t in March, while they have no output in February owing to the Spring Festival holiday. Right now they hold about 300t in stock.
A producer in Xinjiang kept their quotation for green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max stable at RMB15,000/t (USD2,151/t) EXW D/A 180 days today and could not give any discount, unchanged from early this week. They disclosed, "We just signed an order with a regular client yesterday of 100t at around RMB15,000/t (USD2,151/t)". Although the market demand remains in low position, considering that the price of petroleum coke stays high, they plan to firm their price and think that the prevailing prices of Chinese green silicon carbide would keep stable in the upcoming week.
Based on an annual production capacity of 18,000t, they expect to produce around 1,000t in March, compared to about 300t last month due to Spring Festival holiday. They hold an inventory of nearly 300t presently.
Another producer in Xinjiang claimed, "We offered RMB15,000/t (USD2,151/t) EXW D/A 180 days for green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max today and made no counteroffer, on par with early this week". They just sold about 200t to a regular client at around RMB14,800/t (USD2,122/t) D/P this Tuesday. Despite that the market demand stayed dormant since late February, on basis of the high raw material prices, they have no plan to cut their price and estimate that the prevailing prices of Chinese green silicon carbide would stay steady in the week to come.
With an annual production capacity of 45,000t, they plan to produce about 1,200t in March, while they have no output in February owing to the Spring Festival holiday. Right now they hold about 300t in stock.
