Xinjiang Tianhongji faces great green silicon carbide inventory pressure
2023-04-21 08:27:05 [Print]
BEIJING (Asian Metal) 21 Apr 23 - One of the major green silicon carbide producers in Xinjiang, Xinjiang Tianhongji Technology Co., Ltd., holds over 2,000t of green silicon carbide in stock due to dim end market, increased over 700t compared to last month.
"We resumed production since early March after suspension from September last year due to the supply shortage of Karamay petroleum coke and sluggish market demand", a source from the company stated, noting that they would produce about 1,000t in April, on par with March.
With a current production capacity of 50,000tpy, the company produced about 5,000t in 2022, and expect to produce about 10,000t this year. They hold about 2,000t in stock at present, increased by over 700t from March.
The present prevailing prices of green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.18%max stand at RMB12,800/t (USD1,858/t) EXW D/A 180 days in Xinjiang, down by RMB500/t (USD73/t) from early this week. Because of the sluggish market demand, the market sees limited deals. Nonetheless, in view of the increased petroleum coke prices, market participants believe that the mainstream prices of Chinese green silicon carbide would keep steady in the week to come.
"We resumed production since early March after suspension from September last year due to the supply shortage of Karamay petroleum coke and sluggish market demand", a source from the company stated, noting that they would produce about 1,000t in April, on par with March.
With a current production capacity of 50,000tpy, the company produced about 5,000t in 2022, and expect to produce about 10,000t this year. They hold about 2,000t in stock at present, increased by over 700t from March.
The present prevailing prices of green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.18%max stand at RMB12,800/t (USD1,858/t) EXW D/A 180 days in Xinjiang, down by RMB500/t (USD73/t) from early this week. Because of the sluggish market demand, the market sees limited deals. Nonetheless, in view of the increased petroleum coke prices, market participants believe that the mainstream prices of Chinese green silicon carbide would keep steady in the week to come.
