Chinese white fused alumina prices keep unchanged
2023-03-28 09:29:03 [Print]
BEIJING (Asian Metal) 28 Mar 23 – On basis of the steady alumina prices, most producers insisted on their prices in the past week, despite that the market demand remained soft since mid-March. Thus, 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, on par late last week. As most producers prefer to hold their prices stable encouraged by the high production costs, market participants estimate that the prevailing prices of Chinese white fused alumina would keep unchanged in the forthcoming week.
A producer in Shandong disclosed, "We held our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max stable from late last week at RMB4,500/t (USD655/t) EXW D/A 180 days and could give no discount". They completed their last deal yesterday when they sold about 200t at nearly RMB4,050/t (USD589/t) Ex-VAT. Although the end market remains dim, they determined to keep their present price steady on basis of the steady alumina prices and predict that the prevailing prices of Chinese white fused alumina would stay steady in the week to come.
With an annual production capacity of 84,000t, they plan to produce around 1,000t in March, on par with February. They have stocks of about 500t presently.
Another producer in Henan quoted RMB4,500/t (USD655/t) EXW D/P for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max and could make no concessions, on par with late last week. The producer claimed, "We finished our last deal this morning when we sold about 66t at around RMB4,500/t (USD655/t)". Although the market demand remains weak, encouraged by the high production costs, they have no intention to reduce their prices and believe that the prevailing prices of Chinese white fused alumina would remain steady in the forthcoming week.
The producer, based on an annual production capacity of 105,000t, plans to produce about 4,400t in March, unchanged MoM. Currently they hold an inventory of nearly 3,000t.
A producer in Shandong disclosed, "We held our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max stable from late last week at RMB4,500/t (USD655/t) EXW D/A 180 days and could give no discount". They completed their last deal yesterday when they sold about 200t at nearly RMB4,050/t (USD589/t) Ex-VAT. Although the end market remains dim, they determined to keep their present price steady on basis of the steady alumina prices and predict that the prevailing prices of Chinese white fused alumina would stay steady in the week to come.
With an annual production capacity of 84,000t, they plan to produce around 1,000t in March, on par with February. They have stocks of about 500t presently.
Another producer in Henan quoted RMB4,500/t (USD655/t) EXW D/P for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max and could make no concessions, on par with late last week. The producer claimed, "We finished our last deal this morning when we sold about 66t at around RMB4,500/t (USD655/t)". Although the market demand remains weak, encouraged by the high production costs, they have no intention to reduce their prices and believe that the prevailing prices of Chinese white fused alumina would remain steady in the forthcoming week.
The producer, based on an annual production capacity of 105,000t, plans to produce about 4,400t in March, unchanged MoM. Currently they hold an inventory of nearly 3,000t.
