Chinese white fused alumina producers hold prices firm
2023-03-23 09:00:16 [Print]
BEIJING (Asian Metal) 23 Mar 23 – Encouraged by the steady alumina prices, most producers hold their prices firm in the past week, though the market demand stayed sluggish since early March. Hence, the current 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, unchanged from early this week. Since most producers would keep their prices stable supported by the high production costs, market participants believe that the prevailing prices of Chinese white fused alumina would keep steady in the following week.
A producer in Henan revealed, "We held our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max steady from early this week at RMB4,500/t (USD655/t) EXW D/P and could not accept any concession". They just completed their latest deal this Monday when they sold around 100t at nearly RMB4,500/t (USD655/t) Ex-VAT. Despite the dim end market, they consider to keeping their present price unchanged on basis of the high alumina prices and believe that the prevailing prices of Chinese white fused alumina would keep steady in the week to come.
With an annual production capacity of 25,000t, they plan to produce around 1,500t in March, compared to about 1,200t in February. They have stocks of about 500t presently.
Another producer in Henan quoted RMB4,700/t (USD683/t) EXW D/A 180 days for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max and could give no discount, in line with early this week. The producer disclosed, "We concluded our last deal this morning when we sold almost 100t at around RMB4,700/t (USD683/t)". Despite that the market demand stays weak, supported by the firm production costs, they have no willingness to cut their prices to maintain sales and forecast that the prevailing prices of Chinese white fused alumina would remain firm in the coming week.
The producer, based on an annual production capacity of 29,000t, plans to produce about 2,000t in March, unchanged MoM. Currently they hold an inventory of nearly 800t.
A producer in Henan revealed, "We held our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max steady from early this week at RMB4,500/t (USD655/t) EXW D/P and could not accept any concession". They just completed their latest deal this Monday when they sold around 100t at nearly RMB4,500/t (USD655/t) Ex-VAT. Despite the dim end market, they consider to keeping their present price unchanged on basis of the high alumina prices and believe that the prevailing prices of Chinese white fused alumina would keep steady in the week to come.
With an annual production capacity of 25,000t, they plan to produce around 1,500t in March, compared to about 1,200t in February. They have stocks of about 500t presently.
Another producer in Henan quoted RMB4,700/t (USD683/t) EXW D/A 180 days for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max and could give no discount, in line with early this week. The producer disclosed, "We concluded our last deal this morning when we sold almost 100t at around RMB4,700/t (USD683/t)". Despite that the market demand stays weak, supported by the firm production costs, they have no willingness to cut their prices to maintain sales and forecast that the prevailing prices of Chinese white fused alumina would remain firm in the coming week.
The producer, based on an annual production capacity of 29,000t, plans to produce about 2,000t in March, unchanged MoM. Currently they hold an inventory of nearly 800t.
