Chinese brown fused alumina prices stay steady
2023-03-29 08:37:11 [Print]
BEIJING (Asian Metal) 29 Mar 23 – Despite that the buyers' demand stayed in low position since mid-March, most producers held their prices steady this week on basis of the high production costs. Thus, the current 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 late last week. As most producers plan to insisted on their prices in light of the firm production costs, market participants believe that the prevailing prices of Chinese brown fused alumina would remain stable in the following week.
A producer in Henan disclosed, "We quoted RMB4,750/t (USD693/t) EXW D/P for brown fused alumina 94.5%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max today with no concessions, in line with late last week". They closed their last order last Thursday when they sold about 66t to a trader at around RMB4,250/t (USD618/t)). Although the market demand stays sluggish, they decide to keep their price unchanged encouraged by the high production costs and hold the belief that the prevailing prices of Chinese brown fused alumina would keep steady in the forthcoming week.
The producer, on basis of an annual production capacity of 60,000t, plans to produce about 1,000t this month, unchanged MoM. They have stocks of around 2,500t presently.
Another producer in Shanxi held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max unchanged from late last week at RMB5,000/t (USD729/t) EXW D/A 180 days and could make a counteroffer of as much as RMB50/t (USD7/t). The producer disclosed, "We just sold around 66t yesterday at about RMB4,950/t (USD722/t)". Despite that they mainly keep orders from regular clients, they still determined to hold their price steady supported by the high raw material prices and estimate that the prevailing prices of Chinese brown fused alumina would stay steady in the week to come.
With an annual production capacity of 83,000t, they plan to produce about 2,000t in March, in line with February. Currently they have stocks of nealry 2,000t.
A producer in Henan disclosed, "We quoted RMB4,750/t (USD693/t) EXW D/P for brown fused alumina 94.5%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max today with no concessions, in line with late last week". They closed their last order last Thursday when they sold about 66t to a trader at around RMB4,250/t (USD618/t)). Although the market demand stays sluggish, they decide to keep their price unchanged encouraged by the high production costs and hold the belief that the prevailing prices of Chinese brown fused alumina would keep steady in the forthcoming week.
The producer, on basis of an annual production capacity of 60,000t, plans to produce about 1,000t this month, unchanged MoM. They have stocks of around 2,500t presently.
Another producer in Shanxi held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max unchanged from late last week at RMB5,000/t (USD729/t) EXW D/A 180 days and could make a counteroffer of as much as RMB50/t (USD7/t). The producer disclosed, "We just sold around 66t yesterday at about RMB4,950/t (USD722/t)". Despite that they mainly keep orders from regular clients, they still determined to hold their price steady supported by the high raw material prices and estimate that the prevailing prices of Chinese brown fused alumina would stay steady in the week to come.
With an annual production capacity of 83,000t, they plan to produce about 2,000t in March, in line with February. Currently they have stocks of nealry 2,000t.
