Chinese green silicon carbide market sees weak demand
2024-03-27 08:26:30 [Print]
BEIJING (Asian Metal) 27 Mar 24 - Due to the dim end market, most producers witnessed weak demand since early this month. Today, the mainstream prices of Chinese green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max hover at RMB10,100-10,300/t (USD1,421-1,449/t) EXW D/A 180 days, on par with late last week. Since most producers prefer to keep prices unchanged, market participants foresee that the Chinese green carbide mainstream prices would stay steady in the upcoming week.
A producer in Northen China claims, "We expect to sell only 3,000t this month due to the weak market demand, while we usually sell over 4,000t a month. Many buyers cut or even canceled their purchasing plan due to dim end market." They quote RMB10,300/t (USD1,449/t) EXW D/A 180 days for green silicon carbide 98.3%min 10-30cm Fe2O3 0.45%max free C 0.3%max with a concession as much as RMB200/t (USD28/t) for regular clients, in line with late last week. They last sold about 150t to Shandong at RMB10,600/t (USD1,491/t) Delivered late last week. Despite the firm production costs, given the weak downstream demand, they plan to hold the current price and predict that the Chinese green silicon carbide mainstream prices would keep stable in the week to come.
Based on an annual production capacity of 72,000t, they expect to produce 3,500t this month, while they have no output last month. They currently hold an inventory of nearly 1,700t.
A producer in Northern China states, "We only closed four deals so far this month due to the weak downstream demand. Most buyers have seen a decreased sales due to the dim end market." They offer RMB10,400/t (USD1,463/t) EXW D/A 180 days for green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max and could accept a concession of RMB100/t (USD14/t) at most, without much changes from late last week. They last sold about 150t about a week ago at RMB10,300/t (USD1,449/t) to a regular client in Shandong with freight about RMB500/t (USD70/t). Despite that they sell most products to their own processing plant, they intend to hold their price steady to maintain orders and anticipate that the mainstream prices of Chinese green silicon carbide would keep stable in the upcoming week.
With an annual production capacity of 45,000t, they expect to produce about 2,000t this month, while they have no output last month. They hold an inventory of nearly 300t at present.
A producer in Northen China claims, "We expect to sell only 3,000t this month due to the weak market demand, while we usually sell over 4,000t a month. Many buyers cut or even canceled their purchasing plan due to dim end market." They quote RMB10,300/t (USD1,449/t) EXW D/A 180 days for green silicon carbide 98.3%min 10-30cm Fe2O3 0.45%max free C 0.3%max with a concession as much as RMB200/t (USD28/t) for regular clients, in line with late last week. They last sold about 150t to Shandong at RMB10,600/t (USD1,491/t) Delivered late last week. Despite the firm production costs, given the weak downstream demand, they plan to hold the current price and predict that the Chinese green silicon carbide mainstream prices would keep stable in the week to come.
Based on an annual production capacity of 72,000t, they expect to produce 3,500t this month, while they have no output last month. They currently hold an inventory of nearly 1,700t.
A producer in Northern China states, "We only closed four deals so far this month due to the weak downstream demand. Most buyers have seen a decreased sales due to the dim end market." They offer RMB10,400/t (USD1,463/t) EXW D/A 180 days for green silicon carbide 98.5%min 10-30cm Fe2O3 0.45%max free C 0.25%max and could accept a concession of RMB100/t (USD14/t) at most, without much changes from late last week. They last sold about 150t about a week ago at RMB10,300/t (USD1,449/t) to a regular client in Shandong with freight about RMB500/t (USD70/t). Despite that they sell most products to their own processing plant, they intend to hold their price steady to maintain orders and anticipate that the mainstream prices of Chinese green silicon carbide would keep stable in the upcoming week.
With an annual production capacity of 45,000t, they expect to produce about 2,000t this month, while they have no output last month. They hold an inventory of nearly 300t at present.
