Monthly Silicon Carbide Market Report Oct 2023
2023-11-13 08:54:37 【Print】
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Contents
1 Market Highlights 3
2 Economy and Policy 3
3 Market Movements 3
3.1 Chinese Market 3
3.1.1 Black Silicon Carbide 88%min 0-10mm EXW China 3
3.1.2 Black Silicon Carbide 98%min 10-30mm EXW China 4
3.1.3 Black silicon carbide 98%min F16-100 EXW China 4
3.1 . 4 Green Silicon Carbide 98.5%min 10-30mm EXW China 4
3.1 . 5 Green Silicon Carbide 98.5%min F240 EXW China 4
3.1.6 Green Silicon Carbide 98%min JIS2000 EXW China 5
3.2 Chinese Export Market 5
3.2.1 Black Silicon Carbide 88%min 0-10mm FOB China 5
3.2.2 Black Silicon Carbide 98%min F16-100 FOB China 5
3.2.3 Green Silicon Carbide 98%min F240 FOB China 5
3.2.4 Green Silicon Carbide 98%min JIS2000 FOB China 6
3.3 International Market 6
3.3.1 Black Silicon Carbide 88%min 0-10mm CIF Europe 6
4. Company News 6
4.1 Ningxia Hexing resumed black silicon carbide production 6
4.2 Tianzhu Chuanggao resumed black silicon carbide production 6
4.3 Tianzhu Guangfu resumed black silicon carbide production 6
4.4 Tianzhu Qingfeng resumed black silicon carbide production 7
4.5 Lanzhou Xinyongda to resume black silicon carbide production 7
4.6 Lanzhou Xinyongda to resume black silicon carbide production 7
5 Producers Statistics 7
5.1 Chinese black silicon carbide producers' statistics 7
5.1.1 Chinese black silicon carbide producers' operating rate up by 5%MoM in October 7
5.1 . 2 Chinese black silicon carbide producers' output up by 9.20% MoM in October 8
5.1 . 3 Chinese black silicon carbide producers' inventory down by 6.39% MoM in October 8
5.2 Chinese Green silicon carbide producers' statistics 9
5.2 . 1 Chinese green silicon carbide producers' operating rate down by 0.81% MoM in October 9
5.2 . 2 Chinese green silicon carbide producers' output down by 1.73% MoM in October 9
5.2 . 3 Chinese green silicon carbide producers' inventory up by 3.61% MoM in October 9
6 Custom Statistics 9
6.1 China's silicon carbide export volume declined 37.01% YoY in Aug 2023 9
7 Relevant Industry News 10
8 Market Outlook for Next Month 10
8.1 Chinese Market 10
8.1.1 Black silicon carbide 88%min 0-10mm EXW China 10
8.1.2 Black silicon carbide 98%min 10-30cm EXW China 11
8.1.3 Black silicon carbide 98%min F16-100 EXW China 11
8.1 . 4 Green silicon carbide 98.5%min 10-30cm EXW China 11
8.1.5 Green silicon carbide 98%min F240 EXW China 11
8.1.6 Green silicon carbide 98%min JIS2000 EXW China 11
8.2 Chinese export Market 11
8.2.1 Black silicon carbide 88%min 0-10mm FOB China 11
8.2.2 Black silicon carbide 98%min F16-100 FOB China 11
8.2.3 Green silicon carbide 98%min F240 FOB China 11
8.2.4 Green silicon carbide 98%min JIS2000 FOB China 11
8.3 International Market 11
8.3.1 Black silicon carbide 88%min 0-10mm CIF Europe 11
1 Market Highlights
Black silicon carbide
Most producers firmed their prices of 88%min in October based on the high costs and high demand, while they cut their prices of 98%min to boost sales in October due to the sluggish market demand.
Most exporters firmed their prices of 88%min in late October due to the high market demand and the increased domestic prices while they cut their prices of 98%min in October due to the sluggish overseas market demand and reduced domestic prices.
Given the stable export prices and high demand, most European sellers firmed their prices in the past month.
Green silicon carbide
Given the dropped petroleum coke prices and the sluggish market demand, most producers cut their prices to maintain sales.
Most exporters insisted on their prices this month given the soft overseas buyers' demand but firm domestic prices.
2 Economy and Policy
2.1 China H1 foreign trade exceeds 20 trillion yuan for first time
China's total goods imports and exports volume rose by 2.1% year-on-year to 20 . 1 trillion yuan (2 . 81 trillion U . S . dollars) in the first half of 2023, and it is the first time the country's foreign trade volume exceeded the 20 trillion yuan mark in the January-June period, according to the General Administration of Customs . In the first six months, China's exports hit 11 . 46 trillion yuan (1 . 6 trillion U . S . dollars), up by 3 . 7% YoY, while imports slightly declined by 0 . 1% YoY to 8 . 64 trillion yuan (1 . 21 trillion U . S . dollars).
The increasing export growth shows market confidence to China's economy.
2.2 China to scale up medium and long-term lending toward manufacturing sector
China is ready to unleash the potential of consumption further and create a consumption supply system of high-quality, said an official from the National Development and Reform Commission (NDRC) at a news conference held on October 17. According to NDRC, new efforts will be put in place to stabilize and expand investment in manufacturing . Efforts will also be made in providing more medium- and long-term loans towards manufacturing to realize high-quality growth of the sector.
This policy boost the long-term development of manufacture industry of China.
2.3 China reports reserve increase in 40% of minerals in 2022
Reserves of almost 40% of minerals in China increased in 2022, according to the latest version of national mineral resources report issued by the Ministry of Natural Resources. The report noted that substantial growth in reserves was registered for copper, lead, zinc, nickel, cobalt, lithium and other minerals in 2022 . A total of 132 mineral deposits were newly discovered last year . As of the end of 2022, a total of 173 kinds of minerals had been found in China, including 13 energy minerals, 59 metallic minerals, 95 nonmetallic minerals and 6 groundwater and gas minerals, according to the report . In 2022, China's investment in the geological exploration of oil and gas and non-oil and gas minerals both increased, and important progresses were made in the exploration of strategic minerals such as gold, lithium and fluorite . In 2022, fixed asset investment in China's mining sector continued to grow by 4 . 5% over the previous year, and the output of main mineral products maintained growth.
3 Market Movements
3.1 Chinese Market
3.1.1 Black Silicon Carbide 88%min 0-10mm EXW China
In late October, the mainstream prices of Chinese black silicon carbide 88%min 0-10mm stood at RMB4,900-5,200/t (USD670-711/t) Inc-VAT EXW D/A 180 days, unchanged from late last month. Though the weak demand, most producers held their prices unchanged in October based on the high costs and high demand.
Black Silicon Carbide 88%min 0-10mm EXW China Price Trend from 2023-09-01 to 2023-10-31 (RMB/t)
3.1.2 Black Silicon Carbide 98%min 10-30mm EXW China
In late October, the prevailing prices of Chinese black silicon carbide 98%min 10-30cm hovered at RMB6,700-7,000/t (USD916-957/t) Inc-VAT EXW D/A 180 days, down by RMB100/t (USD14/t) from late last month. Most producers cut their prices to boost sales in October due to the sluggish market demand.
Black Silicon Carbide 98%min 10-30mm EXW China Price Trend from 2023-09-01 to 2023-10-31 (RMB/t)
3.1.3 Black silicon carbide 98%min F16-100 EXW China
In late October, the prevailing prices of Chinese black silicon carbide 98%min F16-100 hovered at RMB8,700-9,000/t (USD1,190-1,231/t) Inc-VAT EXW D/A 180 days, down by RMB100/t (USD14/t) from late last month. Most producers cut their prices to compete for orders in late October due to the sluggish market demand.
Black silicon carbide 98%min F16-100 EXW China Price Trend from 2023-09-01 to 2023-10-31 (RMB/t)
3.1 . 4 Green Silicon Carbide 98.5%min 10-30mm EXW China
In late October, the mainstream prices of Chinese green silicon carbide 98.5%min 10-30cm stood at RMB10,200-10,400/t (USD1,1303-1,423/t) Inc-VAT EXW D/A 180 days, down by RMB100/t (USD14/t) from late last month . Given the dropped petroleum coke prices and the sluggish market demand, most producers cut their prices to boost sales.
Green Silicon Carbide 98.5%min 10-30mm EXW China Price Trend from 2023-09-01 to 2023-10-31 (RMB/t)
3.1 . 5 Green Silicon Carbide 98.5%min F240 EXW China
In late October, the prevailing prices of Chinese green silicon carbide 98.5%min F240 stood at RMB14,500-15,000/t (USD1,984-2,052/t) Inc-VAT EXW D/A 180 days, down by RMB1,00/t (USD14/t) from late last month . Given the dropped lump prices and the sluggish market demand, most producers cut their prices to boost sales.
Green Silicon Carbide 98.5%min F240 EXW China Price Trend from 2023-09-01 to 2023-10-31 (RMB/t)
3.1.6 Green Silicon Carbide 98%min JIS2000 EXW China
In late October, the mainstream prices of Chinese green silicon carbide 98.5%min JIS2000 stood at RMB22,500-23,500/t (USD3,079-3,216/t) Inc-VAT EXW D/A 180 days, down by RMB100/t (USD14/t) from late last month . Given the dropped lump prices and the sluggish market demand, most producers cut their prices to compete for orders.
Green Silicon Carbide 98%min JIS2000 EXW China Price Trend from 2023-09-01 to 2023-10-31 (RMB/t)
3.2 Chinese Export Market
3.2.1 Black Silicon Carbide 88%min 0-10mm FOB China
In late October, the mainstream export prices of Chinese black silicon carbide 88%min 0-10mm stood at USD790-820/t Inc-VAT FOB China, unchanged from late last month. Most exporters firmed their prices in late October due to the weak overseas market demand and but high domestic prices.
Black Silicon Carbide 88%min 0-10mm FOB China Price Trend from 2023-09-01 to 2023-10-31 (USD/t)
3.2.2 Black Silicon Carbide 98%min F16-100 FOB China
In late October, the mainstream export prices of Chinese black silicon carbide 98%min F16-100 stood at USD1,280-1,310/t Inc-VAT FOB China, unchanged from late last month. Most exporters firmed their prices in late October due to the weak overseas market demand and but high domestic prices.
Black Silicon Carbide 98%min F16-100 FOB China Price Trend from 2023-09-01 to 2023-10-31 (USD/t)
3.2.3 Green Silicon Carbide 98%min F240 FOB China
In late October, the mainstream export prices of Chinese green silicon carbide 98%min F240 stood at USD2,730-2,830/t Inc-VAT FOB China, unchanged from late last month. Most exporters firmed their prices in late October due to the weak overseas market demand and but high domestic prices.
Green Silicon Carbide 98%min F240 FOB China Price Trend from 2023-09-01 to 2023-10-31 (USD/t)
3.2.4 Green Silicon Carbide 98%min JIS2000 FOB China
In late October, the mainstream export prices of Chinese green silicon carbide 98%min JIS2000 stood at USD3,750-3,850/t Inc-VAT FOB China, unchanged from late last month. Most exporters firmed their prices in late October due to the weak overseas market demand and but high domestic prices.
Green Silicon Carbide 98%min JIS2000 FOB China Price Trend from 2023-09-01 to 2023-10-31 (USD/t)
3.3 International Market
3.3.1 Black Silicon Carbide 88%min 0-10mm CIF Europe
In late October, the mainstream prices of black silicon carbide 88%min 0-10mm hovered at EUR835-885/t CIF Europe, unchanged from late last month. Given the stable export prices and weak demand, most European sellers insisted on their prices in the past month.
Black Silicon Carbide 88%min 0-10mm Delivered Europe Price Trend from 2023-09-01 to 2023-10-31 (EUR/t)
4. Company News
4.1 Ningxia Hexing resumed black silicon carbide production
A major black silicon carbide producer in China, Ningxia Hexing Carbon Materials Co., Ltd . resumed their black silicon carbide production about a week ago, expecting to produce about 2,000t in October . "We halted production since 1st June due to sluggish market demand . We could not lower our prices further down due to the high production costs . And given the market demand still in low position, we only opened one production line and estimate to have products in early October ", a source from the company disclosed, noting that they plan to produce about 2,000t next month . With a present annual production capacity of 75,000t, they produced about 54,000t in the past year and they only produced about 25,000t so far this year . They hold an inventory of nearly 2,000t at present.
4.2 Tianzhu Chuanggao resumed black silicon carbide production
A black silicon carbide producer from Gansu, Tianzhu Chuangao Silicon Carbide Co., Ltd . resumed their black silicon carbide production on 6th October after suspension for over five months, expecting to produce about 1,500t this month . "We halted our production in late March due the sluggish market demand and started to upgrading our workshop and furnace . Since the market demand recovered slightly compared with first half of 2023, we resumed production in early October", an insider from the company stated, noting that they predict to produce about 1,500t in October . With a current production capacity of 30,000tpy, they produced nearly 12,500t in 2022 and about 7,500t so far this year owing to the dormant market demand . They hold an inventory of almost 300t at the moment.
4.3 Tianzhu Guangfu resumed black silicon carbide production
A major black silicon carbide producer in Gansu, Tianzhu Guangfu Carbon Materials Co., Ltd . resumed their black silicon carbide production on 10th October after equipment upgrading and expected to produce about 1,500t in October . "We halted production on 15th March to upgrade our furnace and we finished the installment of environmental protectional equipment this month and resumed production on 10th October ", a source from the company disclosed, noting that they plan to produce about 1,500t this month . With a present annual production capacity of 50,000t, they produced about 30,000t in the past year and they only produced about 5,000t so far this year due to furnace upgrading . They hold an inventory of nearly 1,500t at the moment.
4.4 Tianzhu Qingfeng resumed black silicon carbide production
A major black silicon carbide producer in Gansu, Tianzhu Qingfeng Silicon Carbide Co., Ltd . , resumed their black silicon carbide production in early October after suspension for over four months, expecting to produce nearly 600t this month . "We stopped production in late April to upgrade one furnace from 16,500KVA to 30,000KVA, while another furnace of 22,500KVA stay unchanged", a source from the company disclosed, adding that they now start the 22,500KVA furnace and expect to have first batch of products on 20th October, expecting an output of nearly 600t this month . Having a production capacity of 60,000tpy, this company produced around 23,000t in the previous year and produced about 11,000t so far in 2023 . They already cleared out of their stocks in July and have no stock at present.
4.5 Lanzhou Xinyongda to resume black silicon carbide production
Lanzhou Xinyongda Silicon Carbide Co., Ltd . , a primary black silicon carbide producer in Gansu, plans to resume black silicon carbide production on 25th October, expecting to produce about 600t next month . "Due to the sluggish demand and the fierce competition, we halted production in late July to control costs . But we plan to resume production next week as the market demand recovered . ", an insider from the company revealed, noting that they plan to have the first batch of products on 14th October and produce about 600t next month . With a production capacity of 15,000tpy, they produced about 5,500t in 2022 and about 3,400t so far this year due to weak demand . They hold an inventory of nearly 100t at present.
4.6 Lanzhou Xinyongda to resume black silicon carbide production
Lanzhou Xinyongda Silicon Carbide Co., Ltd . , a primary black silicon carbide producer in Gansu, plans to resume black silicon carbide production on 25th October, expecting to produce about 600t next month . "Due to the sluggish demand and the fierce competition, we halted production in late July to control costs . But we plan to resume production next week as the market demand recovered . ", an insider from the company revealed, noting that they plan to have the first batch of products on 14th October and produce about 600t next month . With a production capacity of 15,000tpy, they produced about 5,500t in 2022 and about 3,400t so far this year due to weak demand . They hold an inventory of nearly 100t at present.
5 Producers Statistics
5.1 Chinese black silicon carbide producers' statistics
5.1.1 Chinese black silicon carbide producers' operating rate up by 5%MoM in October
In October 2023, Chinese black silicon carbide producers' operating rate was 59.27%, up by 5% MoM and up by 10 . 77% YoY.
Chinese black silicon carbide producers' operating rate from October 2022 to October 2023 (%)
In October 2023, the black silicon carbide producers' operating rate in Gansu was 50.57%, up by 5 . 42% MoM and up by 10 . 96% YoY; that in Ningxia was 70 . 74%, up by 5 . 18% MoM and up by 10 . 7% YoY; that in other areas was 65 . 9%, up by 3 . 28% MoM and up by 9 . 15% YoY.
Chinese black silicon carbide producers' operating rate by province from October 2022 to October 2023 (%)
5.1 . 2 Chinese black silicon carbide producers' output up by 9.20% MoM in October
In October 2023, Chinese black silicon carbide producers' output was 111,500t, up by 9.20% MoM and up by 26 . 27% YoY.
Chinese black silicon carbide producers' output from October 2022 to October 2023 (t)
In October 2023, the black silicon carbide producers' output in Gansu was 50,400t, up by 12% MoM and up by 36.58% YoY; that in Ningxia was 41,000t, up by 7 . 89% MoM and up by 17 . 81% YoY; that in other areas was 19,100t, up by 5 . 23% MoM and up by 21 . 08% YoY.
Chinese black silicon carbide producers' output by province from October 2022 to October 2023 (t)
5.1 . 3 Chinese black silicon carbide producers' inventory down by 6.39% MoM in October
In October 2023, Chinese black silicon carbide producers' inventory was 56,600t, up by 6.39% MoM and up by 13 . 2% YoY.
Chinese black silicon carbide producers' inventory from October 2022 to October 2023 (t)
In October 2023, the black silicon carbide producers' inventory in Gansu was 24,100t, up by 4.32% MoM and up by 55 . 48% YoY; that in Ningxia was 19,300t, up by 2 . 11% MoM and up by 0 . 52% YoY; that in other areas was 13,200t, up by 17 . 85% MoM and down by 13 . 72% YoY.
Chinese black silicon carbide producers' inventory by province from October 2022 to October 2023 (t)
5.2 Chinese Green silicon carbide producers' statistics
5.2 . 1 Chinese green silicon carbide producers' operating rate down by 0.81% MoM in October
In October 2023, Chinese green silicon carbide producers operating rate was 45.83%, down by 0 . 81% MoM and up by 12 . 02% YoY.
Chinese green silicon carbide producers' operating rate from October 2022 to October 2023 (t)
5.2 . 2 Chinese green silicon carbide producers' output down by 1.73% MoM in October
In October 2023, Chinese green silicon carbide producers' output was 11,300t, down by 1.73% MoM, up by 41 . 25% YoY.
Chinese green silicon carbide producers' output from October 2022 to October 2023 (%)
5.2 . 3 Chinese green silicon carbide producers' inventory up by 3.61% MoM in October
In October 2023, Chinese green silicon carbide producers' inventory was 8,600t, up by 3.61% MoM and down by 16 . 50% YoY.
Chinese green silicon carbide producers' inventory from October 2023 to October 2023 (t)
6 Custom Statistics
6.1 China's silicon carbide export volume declined 37.01% YoY in Aug 2023
In Sep 2023, China exported 29,202.49mt of silicon carbide, 37,314 . 10mt in the same period last year and 27,075 . 15mt in the previous month, down 21 . 74% YoY and up 7 . 86% MoM.
In Sep 2023, China exported USD33,878,048.00 worth of silicon carbide, USD47,336,468 . 00 in the same period last year and USD33,297,558 . 00 in the previous month, down 28 . 43% YoY and up 1 . 74% MoM . The average price was USD1,160.11/mt, USD1,268.59/mt in the same period last year and USD1,229.82/mt in the previous month.
In Jan-Sep 2023, China exported a total of 262,520.68mt of silicon carbide, 321,639 . 16mt in the same period last year, down 18 . 38% YoY.
China's export volume of silicon carbide in previous 13 months
China's export price of silicon carbide in previous 13 months
China exported 8,863.44mt of silicon carbide to United States, 17,023 . 92mt in the same period last year and 4,187 . 25mt in the previous month, down 47 . 94% YoY and up 111 . 68% MoM . The average price was USD629.64/mt, USD908.61/mt in the same period last year and USD925.47/mt in the previous month, down 30 . 69% YoY and down 31 . 89% MoM.
China exported 5,416.69mt of silicon carbide to Japan, 5,695 . 24mt in the same period last year and 5,113 . 99mt in the previous month, down 4 . 89% YoY and up 5 . 92% MoM . The average price was USD1,893.96/mt, USD2,096.25/mt in the same period last year and USD1,923.17/mt in the previous month, down 9 . 64% YoY and down 1 . 51% MoM.
China exported 2,966.72mt of silicon carbide to South Korea, 5,218 . 10mt in the same period last year and 3,406 . 10mt in the previous month, down 43 . 15% YoY and down 12 . 90% MoM . The average price was USD1,132.40/mt, USD1,185.70/mt in the same period last year and USD1,111.32/mt in the previous month, down 4 . 55% YoY and up 1 . 89% MoM.
China's export volume of silicon carbide to top three countries in previous 13 months
China's export price of silicon carbide to top three countries in previous 13 months
7 Relevant Industry News
7.1 Petroleum coke
The petroleum coke price decrease in the past month, which lead to the reduced production costs of green silicon carbide.
7.2 Anthracite
The price of anthracite keep stable in the past month, which lead to the firm production costs of black silicon carbide.
7.3 Carbon electrode
That the price of carbon electrode moved down in the past month lead to the reduced production costs of silicon carbide.
8 Market Outlook for Next Month
8.1 Chinese Market
8.1.1 Black silicon carbide 88%min 0-10mm EXW China
Although the Market demand for black silicon carbide would stay soft next month, given the high production costs, the prices of this product would stay stable.
8.1.2 Black silicon carbide 98%min 10-30cm EXW China
Despite that the Market demand for black silicon carbide would stay soft in the following month, considering the raised production costs, the prices of this product would stay firm.
8.1.3 Black silicon carbide 98%min F16-100 EXW China
Despite that the Market demand for black silicon carbide would stay soft next month, in view of the high production costs, the prices of this product would keep firm.
8.1 . 4 Green silicon carbide 98.5%min 10-30cm EXW China
Considering that the petroleum coke prices in Xinjiang stay high this month, the prices of green silicon carbide would stay firm in the following month.
8.1.5 Green silicon carbide 98%min F240 EXW China
Given that the petroleum coke prices in Xinjiang remain firm in the past month, the prices of green silicon carbide would keep steady next month.
8.1.6 Green silicon carbide 98%min JIS2000 EXW China
In view of the high prices of the petroleum coke prices in Xinjiang this month, the prices of green silicon carbide would keep unchanged next month.
8.2 Chinese export Market
8.2.1 Black silicon carbide 88%min 0-10mm FOB China
Considering the firm domestic prices, the export prices would flatten next month.
8.2.2 Black silicon carbide 98%min F16-100 FOB China
In view of the stable domestic prices, the export prices would keep stable next month.
8.2.3 Green silicon carbide 98%min F240 FOB China
In spite of the soft overseas Market demand, given the high domestic prices, the export prices would stay steady next month.
8.2.4 Green silicon carbide 98%min JIS2000 FOB China
Although the overseas Market demand remains soft, given the high domestic prices, the export prices would stay stable next month.
8.3 International Market
8.3.1 Black silicon carbide 88%min 0-10mm CIF Europe
Given the stable prices in Chinese export Market, the prices in European Market would go steady in the following month.