Zhengzhou Shenghe stops white fused alumina production
2024-04-18 08:19:35 [Print]
BEIJING (Asian Metal) 18 Apr 24 - Zhengzhou Yugang Abrasive Materials Co., Ltd., a white fused alumina producer in Henan, stopped their white fused alumina production since yesterday, with an output of nearly 300t this month.
"Due to the dim end market and fierce competition from peer producers, we suspended production since yesterday to control costs and would consider to resume after the demand warms up", an insider from the company released, noting that they produced about 500t in March.
The company, with a production capacity of 12,000tpy, produced about 5,000t in 2023, predicting to produce only 3,000t this year due to poor market. Currently they have no stock.
The mainstream prices of white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max currently stand at RMB4,700/t (USD662/t) EXW D/P in Henan, on par with early this week. Despite the dormant downstream demand, supported by the raised alumina prices, insiders forecast that the mainstream prices of Chinese white fused alumina would move up in the coming week.
"Due to the dim end market and fierce competition from peer producers, we suspended production since yesterday to control costs and would consider to resume after the demand warms up", an insider from the company released, noting that they produced about 500t in March.
The company, with a production capacity of 12,000tpy, produced about 5,000t in 2023, predicting to produce only 3,000t this year due to poor market. Currently they have no stock.
The mainstream prices of white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max currently stand at RMB4,700/t (USD662/t) EXW D/P in Henan, on par with early this week. Despite the dormant downstream demand, supported by the raised alumina prices, insiders forecast that the mainstream prices of Chinese white fused alumina would move up in the coming week.
