Chinese silicon carbide prices stay stable
2024-04-02 08:22:56 [Print]
BEIJING (Asian Metal) 2 Apr 24 - Although the market demand stays in low position, given the high electricity costs, most producers keep prices unmoved this week. The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stands at RMB6,100-6,400/t (USD848-890/t) EXW D/A 180 days, on par with late last week. Considering that most producers inclined to hold prices steady, insiders hold the belief that the Chinese black silicon carbide mainstream prices would stay steady in the coming week.
A producer in Gansu states, "We quote RMB6,200/t (USD862/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max today with a concession as much as RMB100/t (USD14/t), on par with late last week. We planned to lift prices based on the firm production costs, but buyers refused to accept due to the dim end market." They last sold about 100t late last week to a local processor at RMB6,100/t (USD848/t). Despite the high production costs, they plan to hold prices unchanged to maintain sales and predict that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
With an annual production capacity of 30,000t, the producer expects to produce around 2,500t in April, in line with last month. They hold about 1,000t in stock at present.
Another producer in Ningxia says, "We hold our quotation for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max at RMB6,500/t (USD904/t) EXW D/A 180 days with a concession of RMB100/t (USD14/t) at most, in line with late last week." They concluded their last deal late last week when they sold about 66t of black silicon carbide 98%min F16-100 at around RMB7,200/t (USD1,014/t). Despite that they tried to lift prices supported the increased electricity costs, most buyers refused to accept due to the dim end market. As a result, they prefer to hold 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 30,000t, they estimate to produce about 2,000t in April, unchanged MoM. Currently they hold nearly 1,000t in stock.
A producer in Gansu states, "We quote RMB6,200/t (USD862/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max today with a concession as much as RMB100/t (USD14/t), on par with late last week. We planned to lift prices based on the firm production costs, but buyers refused to accept due to the dim end market." They last sold about 100t late last week to a local processor at RMB6,100/t (USD848/t). Despite the high production costs, they plan to hold prices unchanged to maintain sales and predict that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
With an annual production capacity of 30,000t, the producer expects to produce around 2,500t in April, in line with last month. They hold about 1,000t in stock at present.
Another producer in Ningxia says, "We hold our quotation for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max at RMB6,500/t (USD904/t) EXW D/A 180 days with a concession of RMB100/t (USD14/t) at most, in line with late last week." They concluded their last deal late last week when they sold about 66t of black silicon carbide 98%min F16-100 at around RMB7,200/t (USD1,014/t). Despite that they tried to lift prices supported the increased electricity costs, most buyers refused to accept due to the dim end market. As a result, they prefer to hold 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 30,000t, they estimate to produce about 2,000t in April, unchanged MoM. Currently they hold nearly 1,000t in stock.
