Luoyang Dongmai resumes brown fused alumina production
2024-04-24 08:28:28 [Print]
BEIJING (Asian Metal) 24 Apr 24 – Luoyang Dongmai Refractory Materials Co., Ltd., a brown fused alumina producer in Henan, resumed their brown fused alumina production in mid-April and they plan to produce around 500t in April.
"We resumed production since mid-April as the prices go up after suspension since early March due to tight supply of bauxite and thin profit", an insider from the company stated, noting that they predict to have an output of almost 1,000t in May.
They have an annual a production capacity of 50,000tpy, with an output of 6,000t last year and expect to produce about 5,000t this year given the dim end market. They have about 100t of inventory at the moment.
The current mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at RMB4,800/t (USD666/t) EXW D/P in Henan, on par with late last week. Given the increasing production costs, insiders predict that the mainstream prices of Chinese brown fused alumina would move up in the upcoming week.
"We resumed production since mid-April as the prices go up after suspension since early March due to tight supply of bauxite and thin profit", an insider from the company stated, noting that they predict to have an output of almost 1,000t in May.
They have an annual a production capacity of 50,000tpy, with an output of 6,000t last year and expect to produce about 5,000t this year given the dim end market. They have about 100t of inventory at the moment.
The current mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at RMB4,800/t (USD666/t) EXW D/P in Henan, on par with late last week. Given the increasing production costs, insiders predict that the mainstream prices of Chinese brown fused alumina would move up in the upcoming week.
