Chinese white fused alumina prices stay steady
2023-04-28 08:44:22 [Print]
BEIJING (Asian Metal) 28 Apr 23 – Despite the weak market demand, most producers hold their prices steady this week based on the high production costs. 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 RMB4,400-4,500/t (USD635-650/t) EXW D/P, on par with early this week. As most producers prefer to firm their prices given the high production costs, market participants think that the mainstream prices of Chinese white fused alumina would flatten in the upcoming week.
A producer in Henan revealed, "We quoted RMB4,400/t (USD635/t) EXW D/A 180 days for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max without discount, on par with early this week". They just sold about 33t yesterday at around RMB4,650/t (USD675/t), but their clients cut their purchasing volume due to dim end market. They prefer to hold price prices given the high alumina prices and predict that the prevailing prices of Chinese white fused alumina would stay steady in the week to come.
With an annual production capacity of 13,500t, they predict to produce around 800t this month, unchanged MoM. They hold stocks of about 800t at present.
Another producer in Shandong quoted RMB4,500/t (USD650/t) EXW D/P for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max with a concession as much as RMB50/t (USD7/t), stable from early this week. The producer stated, "We closed our last order early this week when we sold about 150t at about RMB4,450/t (USD643/t)". Despite the sluggsih demand, they expect to keep prices steady in view of the high production costs and believe that the prevailing prices of Chinese white fused alumina would keep stable in the forthcoming week.
The producer, based on an annual production capacity of 105,000t, plans to produce about 5,500t in April, in line with last month. They hold an inventory of nearly 3,000t at the moment.
A producer in Henan revealed, "We quoted RMB4,400/t (USD635/t) EXW D/A 180 days for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.35%max SiO2 0.1%max without discount, on par with early this week". They just sold about 33t yesterday at around RMB4,650/t (USD675/t), but their clients cut their purchasing volume due to dim end market. They prefer to hold price prices given the high alumina prices and predict that the prevailing prices of Chinese white fused alumina would stay steady in the week to come.
With an annual production capacity of 13,500t, they predict to produce around 800t this month, unchanged MoM. They hold stocks of about 800t at present.
Another producer in Shandong quoted RMB4,500/t (USD650/t) EXW D/P for white fused alumina 99%min 1-3mm Fe2O3 0.08%max NaO2 0.3%max SiO2 0.1%max with a concession as much as RMB50/t (USD7/t), stable from early this week. The producer stated, "We closed our last order early this week when we sold about 150t at about RMB4,450/t (USD643/t)". Despite the sluggsih demand, they expect to keep prices steady in view of the high production costs and believe that the prevailing prices of Chinese white fused alumina would keep stable in the forthcoming week.
The producer, based on an annual production capacity of 105,000t, plans to produce about 5,500t in April, in line with last month. They hold an inventory of nearly 3,000t at the moment.
