Chinese green silicon carbide prices move down
2023-03-28 09:28:54 [Print]
BEIJING (Asian Metal) 28 Mar 23 – Owing to the decreased petroleum coke prices and the dormant market demand, most producers reduce their prices in the past week week to boost sales
A producer in Xinjiang kept their price for green silicon carbide 98.5%min 10-30cm Fe2O3 0 . 45%max free C 0.25%max stable at RMB14,700/t (USD2,138/t) EXW D/A 180 days today with no concessions, down by RMB300/t(USD44/t) from late last week. They revealed, "We closed our latest deal yesterday when we sold out around 200t at about RMB14,700/t (USD2,138/t)" . Despite that the market demand stays weak, considering that the price of petroleum coke remains high, they determined to hold their current price and estimate that the prevailing prices of Chinese green silicon carbide would keep stable in the forthcoming week.
With an annual production capacity of 72,000t, they plan to produce about 3,500t in March, while they only produced about 1,500t last month due to Spring Festival holiday. Currently they hold about 1,500t in stock.
Another producer in Xinjiang disclosed, "We offered RMB14,500/t (USD2,109/t) EXW D/P for green silicon carbide 98.5%min 10-30cm Fe2O3 0 . 45%max free C 0.25%max today with no counteroffer, dropped by RMB300/t(USD44/t) from late last week". Their latest deal dated back to this morning when they sold about 66t to a regular client at around RMB14,500/t (USD2,109/t) D/P . Although the market demand stayed sluggish since early March, on basis of the high raw material prices, they prefer to keep their price stable and hold the view that the prevailing prices of Chinese green silicon carbide would remain steady in the week to come.
Based on an annual production capacity of 45,000t, they expect to produce around 1,200t this month, while they have no output in February due to Spring Festival holiday. They hold an inventory of about 600t at present.
. Hence, the present prevailing prices of Chinese green silicon carbide 98 . 5%min 10-30cm Fe2O3 0 . 45%max free C 0.25%max stand at RMB14,500-14,700/t (USD2,109-2,138/t) EXW D/A 180 days, dropped by RMB300/t(USD44/t) from late last week . As most producers prefer to keep their prices stable in view of the flattened petroleum coke prices, insiders believe that the prevailing Chinese green carbide prices would keep stable in the coming week.
A producer in Xinjiang kept their price for green silicon carbide 98.5%min 10-30cm Fe2O3 0 . 45%max free C 0.25%max stable at RMB14,700/t (USD2,138/t) EXW D/A 180 days today with no concessions, down by RMB300/t(USD44/t) from late last week. They revealed, "We closed our latest deal yesterday when we sold out around 200t at about RMB14,700/t (USD2,138/t)" . Despite that the market demand stays weak, considering that the price of petroleum coke remains high, they determined to hold their current price and estimate that the prevailing prices of Chinese green silicon carbide would keep stable in the forthcoming week.
With an annual production capacity of 72,000t, they plan to produce about 3,500t in March, while they only produced about 1,500t last month due to Spring Festival holiday. Currently they hold about 1,500t in stock.
Another producer in Xinjiang disclosed, "We offered RMB14,500/t (USD2,109/t) EXW D/P for green silicon carbide 98.5%min 10-30cm Fe2O3 0 . 45%max free C 0.25%max today with no counteroffer, dropped by RMB300/t(USD44/t) from late last week". Their latest deal dated back to this morning when they sold about 66t to a regular client at around RMB14,500/t (USD2,109/t) D/P . Although the market demand stayed sluggish since early March, on basis of the high raw material prices, they prefer to keep their price stable and hold the view that the prevailing prices of Chinese green silicon carbide would remain steady in the week to come.
Based on an annual production capacity of 45,000t, they expect to produce around 1,200t this month, while they have no output in February due to Spring Festival holiday. They hold an inventory of about 600t at present.