Chinese white fused alumina market sees stable prices
2023-04-04 08:29:57 [Print]
BEIJING (Asian Metal) 4 Apr 23 – Encouraged by the firm alumina prices, most producers stabilized their prices in the past week, though the market demand stayed weak. Therefore, 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, in line with late last week. Since most producers intend to keep their prices unchanged based on the high production costs, market participants hold the view that the mainstream prices of Chinese white fused alumina would stay flat in the upcoming week.
A producer in Henan revealed, "We kept our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max unchanged from late last week at RMB4,550/t (USD662/t) EXW D/P with no discount". They just sold about 33t today at about RMB4,550/t (USD662/t) Ex-VAT. Despite that the demand from downstream buyers remains weak, they decided to hold their current price with regarding to the firm alumina prices and believe that the prevailing prices of Chinese white fused alumina would keep steady in the week to come.
With an annual production capacity of 20,000t, they plan to produce around 1,000t in April, on par with March. They have stocks of about 500t at the moment.
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 0.35%max SiO2 0.1%max with no counteroffer, in line with late last week. The producer revealed, "We concluded our last deal yesterday when we sold about 100t at around RMB4,500/t (USD655/t)". Despite that the downstream buys hold back their purchasing plan due to dim end market, based on the high production costs, they have to stick with their prices and predict 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 55,000t, plans to produce about 1,500t this month, in line with last month. Currently they hold an inventory of nearly 700t.
A producer in Henan revealed, "We kept our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max unchanged from late last week at RMB4,550/t (USD662/t) EXW D/P with no discount". They just sold about 33t today at about RMB4,550/t (USD662/t) Ex-VAT. Despite that the demand from downstream buyers remains weak, they decided to hold their current price with regarding to the firm alumina prices and believe that the prevailing prices of Chinese white fused alumina would keep steady in the week to come.
With an annual production capacity of 20,000t, they plan to produce around 1,000t in April, on par with March. They have stocks of about 500t at the moment.
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 0.35%max SiO2 0.1%max with no counteroffer, in line with late last week. The producer revealed, "We concluded our last deal yesterday when we sold about 100t at around RMB4,500/t (USD655/t)". Despite that the downstream buys hold back their purchasing plan due to dim end market, based on the high production costs, they have to stick with their prices and predict 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 55,000t, plans to produce about 1,500t this month, in line with last month. Currently they hold an inventory of nearly 700t.
