Chinese white fused alumina market sees stable prices
2023-03-15 09:02:21 [Print]
BEIJING (Asian Metal) 15 Mar 23 – Although the market demand stayed sluggish, encouraged by the firm alumina prices, most producers stuck to their prices in the past week. Hence, the present prevailing prices of Chinese white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max stand at RMB4,500-4,600/t (USD655-669/t) EXW D/P, in line with late last week. As most producers prefer to keep their prices stable on basis of the high production costs, insiders believe that the prevailing prices of Chinese white fused alumina would stay steady in the following week.
A producer in Shandong revealed, "We held our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.4%max SiO2 0.1%max steady from late last week at RMB4,450/t (USD648/t) EXW D/P and could accept a concession of RMB50/t (USD7/t) at most". They just concluded their last deal yesterday when they sold around 200t to India through a trader at about RMB4,050/t (USD589/t) Ex-VAT. In spite of the dormant market demand, they would keep their current price in consideration of the high alumina prices and expect that the prevailing prices of Chinese white fused alumina would stay steady in the week to come.
With an annual production capacity of 72,000t, they plan to produce around 3,000t in March, same as February. They have stocks of about 2,000t presently.
Another producer in Shandong quoted RMB4,500/t (USD655/t) EXW D/A 180 days for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max and could give a discount as much as RMB50/t (USD7/t), on par with late last week. The producer revealed, "We competed our last deal last Friday when we sold out about 120t at around RMB4,500/t (USD655/t)". Although the market demand remains weak, supported by the firm production costs, they have no intention to lower their prices to boost sales and estimate that the prevailing prices of Chinese white fused alumina would keep firm in the coming week.
The producer, based on an annual production capacity of 72,000t, plans to produce about 6,000t in March, unchanged MoM. Currently they hold an inventory of nearly 1,200t.
A producer in Shandong revealed, "We held our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.4%max SiO2 0.1%max steady from late last week at RMB4,450/t (USD648/t) EXW D/P and could accept a concession of RMB50/t (USD7/t) at most". They just concluded their last deal yesterday when they sold around 200t to India through a trader at about RMB4,050/t (USD589/t) Ex-VAT. In spite of the dormant market demand, they would keep their current price in consideration of the high alumina prices and expect that the prevailing prices of Chinese white fused alumina would stay steady in the week to come.
With an annual production capacity of 72,000t, they plan to produce around 3,000t in March, same as February. They have stocks of about 2,000t presently.
Another producer in Shandong quoted RMB4,500/t (USD655/t) EXW D/A 180 days for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max and could give a discount as much as RMB50/t (USD7/t), on par with late last week. The producer revealed, "We competed our last deal last Friday when we sold out about 120t at around RMB4,500/t (USD655/t)". Although the market demand remains weak, supported by the firm production costs, they have no intention to lower their prices to boost sales and estimate that the prevailing prices of Chinese white fused alumina would keep firm in the coming week.
The producer, based on an annual production capacity of 72,000t, plans to produce about 6,000t in March, unchanged MoM. Currently they hold an inventory of nearly 1,200t.
