Chinese silicon carbide producers lift prices

BEIJING (Asian Metal) 6 Mar 24 - Although the market demand stays weak, given the high production costs and thin profits, most producers lifted their prices this week.Asian Metal Copyright Despite the weak demand, given the firm production costs, they intend to insist on their prices and forecast that the mainstream prices of Chinese black silicon carbide would stay stable in the week to come.Asian Metal Copyright The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.Asian Metal Copyright They produced about 22,000t last year and about 26,000t in the year of 2022.Asian Metal Copyright6%max free C 0.2%max stays at RMB6,000-6,300/t (USD831-875/t) EXW D/A 180 days, up by RMB100/t (USD14/t) from late last week.Asian Metal Copyright The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.Asian Metal Copyright As most producers prefer to insist on the current prices, insiders hold the view that the Chinese black silicon carbide mainstream prices would keep stable in the coming week.

A producer in Gansu states, "We quote RMB6,200/t (USD861/t) EXW D/A 180 days for black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.3%max today and could accept a concession of RMB100/t (USD14/t) at most, while we could sell as low as RMB6,000/t (USD831/t) late last week." Despite that they just sold about 66t at around RMB6,200/t (USD861/t) today, they could only close small orders below 100t, while those regular buyers who would buy over 200t at a time still hold a watching attitudes.Asian Metal Copyright5%max free C 0.Asian Metal Copyright Therefore, they prefer to hold current prices unchanged and estimate that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.

With an annual production capacity of 66,000t, the producer expects to produce around 4,800t in March, in line with last month. They hold about 3,000t in stock at present.Asian Metal Copyright Another producer in Gansu states, "We hold our prices for black silicon carbide 98%min 10-30cm Fe2O3 0.Asian Metal Copyright They have produced about 58,000t last year and produced about same in 2022.

Another producer in Gansu states, "We hold our prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max at RMB6,300/t (USD875/t) EXW D/A 180 days and could accept a concession as much as RMB100/t (USD14/t), while we could sell as low as RMB6,100/t (USD845/t) late last week.Asian Metal Copyright They hold about 3,000t in stock at present.Asian Metal Copyright" They closed no deal so far this week as most buyers hold a wait and see attitude. Their last deal dated back to late last week when they sold about 100t at RMB6,100/t (USD845/t).Asian Metal Copyright With an annual production capacity of 66,000t, the producer expects to produce around 4,800t in March, in line with last month.Asian Metal Copyright Despite the weak demand, given the firm production costs, they intend to insist on their prices and forecast that the mainstream prices of Chinese black silicon carbide would stay stable in the week to come.

On basis of annual production capacity of 48,000t, they expect to produce about 2,000t this month, in line with last month. Currently they hold an inventory of nearly 1,000t.Asian Metal Copyright A producer in Gansu states, "We quote RMB6,200t USD861t EXW DA 180 days for black silicon carbide 97%min 10-30cm Fe2O3 0.Asian Metal Copyright They produced about 22,000t last year and about 26,000t in the year of 2022.

.Asian Metal Copyright They produced about 22,000t last year and about 26,000t in the year of 2022Asian Metal Copyright