Chinese silicon carbide market demand weakens

BEIJING (Asian Metal) 21 Mar 24 – Because of the dim end market, most producers witnessed poor demand this week.Asian Metal Copyright Another producer in Gansu states, "Due to the poor demand from downstream market, we receive no inquiries so far this week, while we would have at least four to five inquiries a week last month.Asian Metal Copyright The present mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.Asian Metal Copyright3%max at RMB6,300t USD876t EXW DA 180 days with a concession of RMB100t USD14t at most, unchanged from early this week.Asian Metal Copyright6%max free C 0.2%max stays at RMB6,100-6,400/t (USD848-890/t) EXW D/A 180 days, on par with early this week.Asian Metal Copyright 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.Asian Metal Copyright As most producers would like to holding the current prices based on firm production costs, insiders believe that the Chinese black silicon carbide mainstream prices would stay stable in the coming week.

A producer in Gansu states, "We only sold about 2,800t so far this month and expect to sell less than 4,000t this month because of the poor demand from downstream buyers, while we would sell around 5,000t per month in regular month". They quote RMB6,100/t (USD848/t) EXW D/A 180 days for black silicon carbide 97%min 10-30cm Fe2O3 0.Asian Metal Copyright2%max stays at RMB6,100-6,400t USD848-890t EXW DA 180 days, on par with early this week.Asian Metal Copyright5%max free C 0.3%max today with a concession of RMB100/t (USD14/t) at most, on par with early this week. They last sold about 66t early this week at RMB6100/t (USD848/t), and another 66t of black silicon carbide 88%min 0-10mm at RMB5,000/t (USD704/t).Asian Metal Copyright 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.Asian Metal Copyright Despite the increased electricity costs, given the soft market demand, they intend to hold prices stable and believe that the mainstream prices of Chinese black silicon carbide would keep steady in the upcoming week.

With an annual production capacity of 66,000t, the producer expects to produce around 4,800t in March, in line with last month. They hold about 3,200t in stock at present.

Another producer in Gansu states, "Due to the poor demand from downstream market, we receive no inquiries so far this week, while we would have at least four to five inquiries a week last month." They hold prices for black silicon carbide 98%min 10-30cm Fe2O3 0.Asian Metal Copyright3%max today with a concession of RMB100t USD14t at most, on par with early this week.Asian Metal Copyright5%max free C 0.3%max at RMB6,300/t (USD876/t) EXW D/A 180 days with a concession of RMB100/t (USD14/t) at most, unchanged from early this week. Their last deal dated back to 3 days ago when they sold about 60t at around RMB6,200/t (USD862/t).Asian Metal Copyright6%max free C 0.Asian Metal Copyright 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 50,000t, they expect to produce around 4,000t in March, in line with last month. They hold about 3,000t in stock at the moment.


.Asian Metal Copyright Their last deal dated back to 3 days ago when they sold about 60t at around RMB6,200t USD862tAsian Metal Copyright