Chinese silicon carbide prices move up
2024-03-12 08:31:38 [Print]
BEIJING (Asian Metal) 12 Mar 24 - Although the market demand stays weak, given the increased electricity costs, most producers lifted their prices this week. The present mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stays at RMB6,100-6,400/t (USD848-890/t) EXW D/A 180 days, up by RMB200/t (USD28/t) from late last week. As most producers would like to holding the current prices, insiders forecast that the Chinese black silicon carbide mainstream prices would stay stable in the coming week.
A producer in Gansu states, "Due to the updated electricity charging policy, our electricity costs to produce one ton of silicon carbide would increase by RMB300/t (USD42/t) since March, and the detailed charging fee would only be released till 10th April." They quote RMB6,400/t (USD890/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max today without any concession, while we could sell as low as RMB6,200/t (USD862/t) last week. Despite the increased electricity costs, given the soft market demand, they prefer to hold prices stable and believe that the mainstream prices of Chinese black silicon carbide would stay steady in the upcoming week.
With an annual production capacity of 60,000t, the producer expects to produce around 2,500t in March, in line with last month. They hold about 800t in stock at present.
Another producer in Gansu states, "After the new policy released, our electricity costs to produce one ton of silicon carbide would increase by RMB330/t (USD46/t). Therefore, we lifted our prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max from RMB6,100/t (USD848/t) EXW D/A 180 days to RMB6,300/t (USD876/t)." Their last deal dated back to 5 days ago when they sold about 66t at around RMB6,200/t (USD848/t). Despite the weak demand, given the firm production costs, they intend to insist on their prices and predict that the mainstream prices of Chinese black silicon carbide would stay stable in the week to come.
On basis of annual production capacity of 20,000t, as they still in suspension, they would have no output in March, but estimate to produce about 1,000t in April. Currently they hold an inventory of nearly 600t.
A producer in Gansu states, "Due to the updated electricity charging policy, our electricity costs to produce one ton of silicon carbide would increase by RMB300/t (USD42/t) since March, and the detailed charging fee would only be released till 10th April." They quote RMB6,400/t (USD890/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max today without any concession, while we could sell as low as RMB6,200/t (USD862/t) last week. Despite the increased electricity costs, given the soft market demand, they prefer to hold prices stable and believe that the mainstream prices of Chinese black silicon carbide would stay steady in the upcoming week.
With an annual production capacity of 60,000t, the producer expects to produce around 2,500t in March, in line with last month. They hold about 800t in stock at present.
Another producer in Gansu states, "After the new policy released, our electricity costs to produce one ton of silicon carbide would increase by RMB330/t (USD46/t). Therefore, we lifted our prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max from RMB6,100/t (USD848/t) EXW D/A 180 days to RMB6,300/t (USD876/t)." Their last deal dated back to 5 days ago when they sold about 66t at around RMB6,200/t (USD848/t). Despite the weak demand, given the firm production costs, they intend to insist on their prices and predict that the mainstream prices of Chinese black silicon carbide would stay stable in the week to come.
On basis of annual production capacity of 20,000t, as they still in suspension, they would have no output in March, but estimate to produce about 1,000t in April. Currently they hold an inventory of nearly 600t.
