Chinese brown fused alumina producers cut prices
2023-04-23 08:32:25 [Print]
BEIJING (Asian Metal) 23 Apr 23 – Despite the high production costs, most producers cut their prices this week to compete for orders due to sluggish market demand. Therefore, the current mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at RMB4,550-4,750/t (USD661-690/t) EXW D/P, down by RMB50/t (USD7/t) from early this week. Given the fierce competition, most producers inclined to cut prices further to boosts sales, and insiders estimate that the prevailing prices of Chinese brown fused alumina would move down in the following week.
A producer in Southern China disclosed, "We quoted RMB4,550/t (USD661/t) EXW D/P for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max today without any concessions, down by RMB50/t (USD7/t) from early this week". Their last deal dated back to early this week when they sold about 120t at around RMB4,550/t (USD661/t). Despite the thin profit, they intend to lower their price again given the great inventory pressure and believe that the prevailing prices of Chinese brown fused alumina would go down in the upcoming week.
The producer, on basis of an annual production capacity of 180,000t, expects to produce about 7,500t this month, in line with March. They have stocks of around 20,000t at present.
Another producer in Northern China kept their price for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 0.8%max at RMB4,700/t (USD683/t) EXW D/P with a concession as much as RMB50/t (USD7/t), down by RMB50/t (USD7/t) from early this week. The producer stated, "We closed our last deal of 370t from a trader on 10th April and sold at around RMB4,150/t (USD603/t) Ex-VAT". Though they already very thin profit due to sluggish demand, they still inclined to cut their price further given the fierce market competition and predict that the prevailing prices of Chinese brown fused alumina would stay steady in the week to come.
With an annual production capacity of 30,000t, they plan to produce about 1,000t in April, on par with last month. Currently they hold stocks around 1,000t.
A producer in Southern China disclosed, "We quoted RMB4,550/t (USD661/t) EXW D/P for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max today without any concessions, down by RMB50/t (USD7/t) from early this week". Their last deal dated back to early this week when they sold about 120t at around RMB4,550/t (USD661/t). Despite the thin profit, they intend to lower their price again given the great inventory pressure and believe that the prevailing prices of Chinese brown fused alumina would go down in the upcoming week.
The producer, on basis of an annual production capacity of 180,000t, expects to produce about 7,500t this month, in line with March. They have stocks of around 20,000t at present.
Another producer in Northern China kept their price for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 0.8%max at RMB4,700/t (USD683/t) EXW D/P with a concession as much as RMB50/t (USD7/t), down by RMB50/t (USD7/t) from early this week. The producer stated, "We closed our last deal of 370t from a trader on 10th April and sold at around RMB4,150/t (USD603/t) Ex-VAT". Though they already very thin profit due to sluggish demand, they still inclined to cut their price further given the fierce market competition and predict that the prevailing prices of Chinese brown fused alumina would stay steady in the week to come.
With an annual production capacity of 30,000t, they plan to produce about 1,000t in April, on par with last month. Currently they hold stocks around 1,000t.
