Chinese brown fused alumina grain sand producers hold prices stable
2023-03-16 08:46:53 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Despite the dim end market, most producers firmed their prices this week supported by the high production costs. Hence, 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 decided to firm prices on basis of the high production costs, insiders believe that the prevailing prices of Chinese brown fused alumina would stay firm in the coming week.
A producer in Guizhou claimed, "We kept their price for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.2%max unchanged from late last week at RMB5,300/t (USD768/t) EXW D/P and could accept no counteroffer". They last sold about 66t this Monday at around RMB5,300/t (USD768/t) Ex-VAT. Despite that their buyers hold a wait-and-see attitude and hold back their purchasing plan, in view of the high production cost, they have no willingness to lower their price and estimate that the prevailing prices of Chinese brown fused alumina would keep firm in the week to come.
The producer, based on an annual production capacity of 160,000t, expects to produce about 1,500t in March, on par with last month. Right now, they have an inventory of approximately 1,200t.
Another producer in Henan offered RMB5,400/t (USD783/t) EXW D/A 180days today for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max and could give no discount, unchanged from late last week. The producer revealed, "We last sold about 66t early this week to a trader at around RMB4,700/t (USD681/t) Ex-VAT". Though the weak market demand, in consideration of the high production costs, they decided to keep their price steady and predict that the prevailing prices of Chinese brown fused alumina would remain steady in the week to come.
With an annual production capacity of 110,000t, they plan to produce about 1,200t in March, compared to about 1,000t last month. Currently they hold stocks of nearly 1,200t.
A producer in Guizhou claimed, "We kept their price for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.2%max unchanged from late last week at RMB5,300/t (USD768/t) EXW D/P and could accept no counteroffer". They last sold about 66t this Monday at around RMB5,300/t (USD768/t) Ex-VAT. Despite that their buyers hold a wait-and-see attitude and hold back their purchasing plan, in view of the high production cost, they have no willingness to lower their price and estimate that the prevailing prices of Chinese brown fused alumina would keep firm in the week to come.
The producer, based on an annual production capacity of 160,000t, expects to produce about 1,500t in March, on par with last month. Right now, they have an inventory of approximately 1,200t.
Another producer in Henan offered RMB5,400/t (USD783/t) EXW D/A 180days today for brown fused alumina 95%min F36 Fe2O3 0.3%max SiO2 1.0%max and could give no discount, unchanged from late last week. The producer revealed, "We last sold about 66t early this week to a trader at around RMB4,700/t (USD681/t) Ex-VAT". Though the weak market demand, in consideration of the high production costs, they decided to keep their price steady and predict that the prevailing prices of Chinese brown fused alumina would remain steady in the week to come.
With an annual production capacity of 110,000t, they plan to produce about 1,200t in March, compared to about 1,000t last month. Currently they hold stocks of nearly 1,200t.
