Chinese brown fused alumina market sees steady prices
2023-03-23 09:00:12 [Print]
BEIJING (Asian Metal) 23 Mar 23 – Though the end market demand stayed sluggish since early March, most producers kept their prices steady in the past week based on the high production costs. As a result, the present prevailing prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at RMB4,850-5,050/t (USD707-736/t) Ex-VAT EXW D/A 180 days, on par with early this week. As most producers intend to stick to their present prices in view of the high production costs, insiders believe that the prevailing prices of Chinese brown fused alumina would stay stable in the following week.
A producer in Guizhou disclosed, "We quoted RMB4,850/t (USD707/t) EXW D/P for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max today and could not accept any concessions, on par with early this week". They signed their latest order early this week when they sold about 66t at around RMB4,850/t (USD707/t)). Although the market demand is extremely sluggish, they plan to insist on their price in view of the high production costs and estimate that the prevailing prices of Chinese brown fused alumina would stay steady in the upcoming week.
The producer, on basis of an annual production capacity of 45,000t, plans to produce about 1,200t this month, while they have no output last month due to Spring Festival Holiday. They have stocks of around 400t at present.
Another producer in Henan held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max unchanged from early this week at RMB4,900/t (USD714/t) EXW D/P and could not make any counteroffer. The producer revealed, "We just sold about 33t yesterday at around RMB4,900/t (USD714/t) Ex-VAT". Although they mainly depend on regular clients to keep orders, they still plan to keep their price steady on basis of the high raw material prices and hold the belief that the prevailing prices of Chinese brown fused alumina would keep steady in the week to come.
With an annual production capacity of 30,000t, they plan to produce about 1,000t in March, compared to about 800t in February. Currently they have stocks around 600t.
A producer in Guizhou disclosed, "We quoted RMB4,850/t (USD707/t) EXW D/P for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max today and could not accept any concessions, on par with early this week". They signed their latest order early this week when they sold about 66t at around RMB4,850/t (USD707/t)). Although the market demand is extremely sluggish, they plan to insist on their price in view of the high production costs and estimate that the prevailing prices of Chinese brown fused alumina would stay steady in the upcoming week.
The producer, on basis of an annual production capacity of 45,000t, plans to produce about 1,200t this month, while they have no output last month due to Spring Festival Holiday. They have stocks of around 400t at present.
Another producer in Henan held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max unchanged from early this week at RMB4,900/t (USD714/t) EXW D/P and could not make any counteroffer. The producer revealed, "We just sold about 33t yesterday at around RMB4,900/t (USD714/t) Ex-VAT". Although they mainly depend on regular clients to keep orders, they still plan to keep their price steady on basis of the high raw material prices and hold the belief that the prevailing prices of Chinese brown fused alumina would keep steady in the week to come.
With an annual production capacity of 30,000t, they plan to produce about 1,000t in March, compared to about 800t in February. Currently they have stocks around 600t.
