Chinese brown fused alumina prices stay firm
2023-04-14 08:33:36 [Print]
BEIJING (Asian Metal) 14 Apr 23 – Despite that the end market remains dim, most producers held stable their prices this week encouraged by the firm production costs. Therefore, the current prevailing prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max hover at RMB4,800-5,000/t (USD700-729/t) Ex-VAT EXW D/A 180 days, on par with early this week. As most producers would stick to their prices based on the high production costs, market participants hold the view that the prevailing prices of Chinese brown fused alumina would stay steady in the forthcoming week.
A producer in Guizhou stated, "We quoted RMB4,800/t (USD700/t) EXW D/A 180days for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max today without any concession, in line with early this week". They closed their latest deal a week ago when they sold about 150t at nearly RMB4,800/t (USD700/t)). Although the market demand remains soft, they determined to keep their price due to the hgih production costs and believe that the prevailing prices of Chinese brown fused alumina would stay steady in the forthcoming week.
The producer, based on an annual production capacity of 25,000t, expects to produce about 800t in April, unchanged MoM. They have stocks of about 800t at the moment.
Another producer in Henan held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max unchanged from early this week at RMB4,900/t (USD714/t) EXW D/A 180 days without any counteroffer. The producer claimed, "We just sold about 66t yesterday to a trader at about RMB4,400/t Ex-VAT (USD639/t)". Despite the dormant market demand, they plan to insist on their price considering the high raw material prices and predict that the prevailing prices of Chinese brown fused alumina would keep unchanged in the week to come.
With an annual production capacity of 35,000t, the producer plans to produce about 500t in April, on par with last month. Currently they keep a stock of nearly 300t.
A producer in Guizhou stated, "We quoted RMB4,800/t (USD700/t) EXW D/A 180days for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max today without any concession, in line with early this week". They closed their latest deal a week ago when they sold about 150t at nearly RMB4,800/t (USD700/t)). Although the market demand remains soft, they determined to keep their price due to the hgih production costs and believe that the prevailing prices of Chinese brown fused alumina would stay steady in the forthcoming week.
The producer, based on an annual production capacity of 25,000t, expects to produce about 800t in April, unchanged MoM. They have stocks of about 800t at the moment.
Another producer in Henan held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.5%max SiO2 1.0%max unchanged from early this week at RMB4,900/t (USD714/t) EXW D/A 180 days without any counteroffer. The producer claimed, "We just sold about 66t yesterday to a trader at about RMB4,400/t Ex-VAT (USD639/t)". Despite the dormant market demand, they plan to insist on their price considering the high raw material prices and predict that the prevailing prices of Chinese brown fused alumina would keep unchanged in the week to come.
With an annual production capacity of 35,000t, the producer plans to produce about 500t in April, on par with last month. Currently they keep a stock of nearly 300t.
