Chinese brown fused alumina prices stay firm
2023-04-04 08:29:51 [Print]
BEIJING (Asian Metal) 4 Apr 23 – In spite of the dim end market, most producers still firmed their prices in the past week week supported by the stable 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, in line with late last week. Since most producers prefer to hold their prices unchanged in view of the steady production costs, insiders hold the view that the prevailing prices of Chinese brown fused alumina would remain unchanged in the forthcoming 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 1.0%max today with a concession as much as RMB50/t (USD7/t), unchanged from late last week". They concluded their last deal late last week when they sold about 350t at nearly RMB4,800/t (USD700/t)). Despite the market demand remains in low position, they made up their mind to keep their price stable supported by the firm production costs and estimate that the prevailing prices of Chinese brown fused alumina would stay steady in the upcoming week.
The producer, based on an annual production capacity of 180,000t, expects to produce about 5,000t in April, unchanged MoM. They have stocks of about 4,000t at present.
Another producer in Henan kept their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max steady from late last week at RMB4,900/t (USD714/t) EXW D/A 180 days and could make no counteroffer. The producer revealed, "Our last deal dated back to late last week when we sold about 200t of brown fused alumina 0-30mm at about RMB4,400/t (USD639/t)". Although the market demand stays dormant, they would hold their price unchanged based on the high raw material prices and believe that the prevailing prices of Chinese brown fused alumina would keep steady in the week to come.
With an annual production capacity of 140,000t, the producer plans to produce about 5,800t in April, on par with last month. Currently they have stocks of nearly 7,000t.
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 1.0%max today with a concession as much as RMB50/t (USD7/t), unchanged from late last week". They concluded their last deal late last week when they sold about 350t at nearly RMB4,800/t (USD700/t)). Despite the market demand remains in low position, they made up their mind to keep their price stable supported by the firm production costs and estimate that the prevailing prices of Chinese brown fused alumina would stay steady in the upcoming week.
The producer, based on an annual production capacity of 180,000t, expects to produce about 5,000t in April, unchanged MoM. They have stocks of about 4,000t at present.
Another producer in Henan kept their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max steady from late last week at RMB4,900/t (USD714/t) EXW D/A 180 days and could make no counteroffer. The producer revealed, "Our last deal dated back to late last week when we sold about 200t of brown fused alumina 0-30mm at about RMB4,400/t (USD639/t)". Although the market demand stays dormant, they would hold their price unchanged based on the high raw material prices and believe that the prevailing prices of Chinese brown fused alumina would keep steady in the week to come.
With an annual production capacity of 140,000t, the producer plans to produce about 5,800t in April, on par with last month. Currently they have stocks of nearly 7,000t.
