Chinese white fused alumina producers hold prices firm
2023-04-12 08:29:20 [Print]
BEIJING (Asian Metal) 12 Apr 23 – Supported by the firm alumina prices, most producers held firm their prices in the past week, though the market demand remained in low position since late March. Therefore, the current 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 RMB4,450-4,550/t (USD647-661/t) EXW D/P, in line with late last week. Since most producers would hold stable their prices based on the firm production costs, market participants hod the belief that the prevailing prices of Chinese white fused alumina would remain unchanged 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 0.25%max SiO2 0.1%max stable from late last week at RMB4,800/t (USD698/t) EXW D/A 180 days and could give a concession of RMB50/t (USD7/t) at most". They just signed an order yesterday when they sold about 33t at nearly RMB4,750/t (USD691/t). Despite the dim end market, they made up their mind to hold steady their present price encouraged by the firm alumina prices and forecast that the prevailing prices of Chinese white fused alumina would keep steady in the week to come.
With an annual production capacity of 40,000t, they plan to produce around 2,000t this month, on par with last month. They have stocks of about 1,000t at present.
Another producer in Shandong quoted RMB4,500/t (USD655/t) EXW D/P for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max and could make a concession as much as RMB50/t (USD7/t), in line with late last week. The producer disclosed, "We just concluded an order this morning when we sold out around 66t at about RMB4,450/t (USD648/t)". Despite that the market demand remains dormant, supported by the firm production costs, they have no willingness to cut their prices and hold the view that the mainstream prices of Chinese white fused alumina would stay steady in the coming week.
The producer, based on an annual production capacity of 27,000t, plans to produce about 600t in April, unchanged from last month. Right now they hold an inventory of nearly 200t.
A producer in Henan revealed, "We kept our prices for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.25%max SiO2 0.1%max stable from late last week at RMB4,800/t (USD698/t) EXW D/A 180 days and could give a concession of RMB50/t (USD7/t) at most". They just signed an order yesterday when they sold about 33t at nearly RMB4,750/t (USD691/t). Despite the dim end market, they made up their mind to hold steady their present price encouraged by the firm alumina prices and forecast that the prevailing prices of Chinese white fused alumina would keep steady in the week to come.
With an annual production capacity of 40,000t, they plan to produce around 2,000t this month, on par with last month. They have stocks of about 1,000t at present.
Another producer in Shandong quoted RMB4,500/t (USD655/t) EXW D/P for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max and could make a concession as much as RMB50/t (USD7/t), in line with late last week. The producer disclosed, "We just concluded an order this morning when we sold out around 66t at about RMB4,450/t (USD648/t)". Despite that the market demand remains dormant, supported by the firm production costs, they have no willingness to cut their prices and hold the view that the mainstream prices of Chinese white fused alumina would stay steady in the coming week.
The producer, based on an annual production capacity of 27,000t, plans to produce about 600t in April, unchanged from last month. Right now they hold an inventory of nearly 200t.
