Yutongxinghe suspended black silicon carbide production
2023-04-11 08:24:04 [Print]
BEIJING (Asian Metal) 11 Apr 23 - Tianzhu Yutongxinghe New Energy Development Co., Ltd., a major black silicon carbide producer in Gansu, suspended their black silicon carbide production in early April in light of the weak end market and high stock, planning to restore production in June.
"We stopped production in early April because of the sluggish market demand and high stocking volume. We would not consider to putting into production again until the market demand fully recovered", a source from the company claimed, noting that they predict to put into production again in June if the market demand would turn better at that time.
With a current annual production capacity of 30,000t, the company produced about 9,000t last year and they expect to produce same volume in 2023 in view of the weak demand this year. They had a stock of nearly 3,000t right now.
The present prevailing prices of black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.2%max stand at RMB7,800/t (USD1,196/t) EXW D/A 180 days in Gansu, in line with with late last week. The market witnessed stagnant market as the downstream demand stayed dormant since late March. However, in light of the firm production costs, market participants predict that the prevailing prices of Chinese black silicon carbide would keep stable in the forthcoming week.
"We stopped production in early April because of the sluggish market demand and high stocking volume. We would not consider to putting into production again until the market demand fully recovered", a source from the company claimed, noting that they predict to put into production again in June if the market demand would turn better at that time.
With a current annual production capacity of 30,000t, the company produced about 9,000t last year and they expect to produce same volume in 2023 in view of the weak demand this year. They had a stock of nearly 3,000t right now.
The present prevailing prices of black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.2%max stand at RMB7,800/t (USD1,196/t) EXW D/A 180 days in Gansu, in line with with late last week. The market witnessed stagnant market as the downstream demand stayed dormant since late March. However, in light of the firm production costs, market participants predict that the prevailing prices of Chinese black silicon carbide would keep stable in the forthcoming week.
