Chinese black silicon carbide market sees high inventory
2023-04-04 08:29:54 [Print]
BEIJING (Asian Metal) 4 Apr 23 – Despite that the prices stay soft, Chinese black silicon carbide market saw limited deals and increasing stocks. At present, the prevailing prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stand at RMB8,000-8,300/t (USD1,163-1,206/t) EXW D/A 180 days, on par with late last week. In spite of the high inventory, most producers have no plan to lower the prices based on high production costs. Therefore, insiders predict that the prices of Chinese black silicon carbide would stay stable in the coming week.
"We quote RMB8,600/t (USD1,249/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.4%max free C 0.2%max at present with no concessions, in line with last week." a producer in Ningxia revealed, adding that their last deal dated back to 20th March when they sold around 66t of black silicon carbide 98%min 0-10mm at around RMB9,100/t (USD1,321/t). Due to weak demand they only closed 4 deals of less than 300t in March and thus their inventory increased by nearly one-third in the past month. However, they would rather halted production rather than reducing prices due to the firm production cost and predicts the prices of Chinese black silicon carbide would keep steady in the following week.
With an annual production capacity of 32,500t black silicon carbide, the producer expects to produce about 1,100t in April, in line with last month. They hold over 2,700t of stocks at present, up by nearly one-third from last month.
Another producer in Gansu China revealed that they offer RMB8,000/t (USD1,163/t) Inc-VAT EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.4%max free C 0.2%max at present, on par with late last week. The producer disclosed, "We just sold about 66t today at about RMB8,000/t (USD1,163/t). Most of our buyers hold back their purchasing plan which lead to a result that our stocks increased by over 50% MOM." However, they decide to hold the prices firm because they believe price decline would not increase sales. They estimate that the prices of Chinese black silicon carbide would remain steady in the upcoming week.
The producer, with an annual capacity of 30,000t of black silicon carbide, expects to produce about 2,000t in April, on par with March. They hold around 1,500t of stocks now, increased by over 50% MOM.
"We quote RMB8,600/t (USD1,249/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.4%max free C 0.2%max at present with no concessions, in line with last week." a producer in Ningxia revealed, adding that their last deal dated back to 20th March when they sold around 66t of black silicon carbide 98%min 0-10mm at around RMB9,100/t (USD1,321/t). Due to weak demand they only closed 4 deals of less than 300t in March and thus their inventory increased by nearly one-third in the past month. However, they would rather halted production rather than reducing prices due to the firm production cost and predicts the prices of Chinese black silicon carbide would keep steady in the following week.
With an annual production capacity of 32,500t black silicon carbide, the producer expects to produce about 1,100t in April, in line with last month. They hold over 2,700t of stocks at present, up by nearly one-third from last month.
Another producer in Gansu China revealed that they offer RMB8,000/t (USD1,163/t) Inc-VAT EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.4%max free C 0.2%max at present, on par with late last week. The producer disclosed, "We just sold about 66t today at about RMB8,000/t (USD1,163/t). Most of our buyers hold back their purchasing plan which lead to a result that our stocks increased by over 50% MOM." However, they decide to hold the prices firm because they believe price decline would not increase sales. They estimate that the prices of Chinese black silicon carbide would remain steady in the upcoming week.
The producer, with an annual capacity of 30,000t of black silicon carbide, expects to produce about 2,000t in April, on par with March. They hold around 1,500t of stocks now, increased by over 50% MOM.
