Ningxia Longding resumes black silicon carbide production
2024-03-22 09:39:43 [Print]
BEIJING (Asian Metal) 22 Mar 24 - Ningxia Longding Silicon Carbide Co., Ltd., as a major black silicon carbide producer in Ningxia, resumed the black silicon carbide production since 10th March and they plan to produce about 4,000t this month.
"We suspended production since early January due to the sluggish market demand and we resumed production since 10th March after we cut down the inventory", a source in the company discloses, noting that they predict to have an output of nearly 4,000t in March.
With a production capacity of 90,000tpy, they produced about 70,000t in 2023 and expect to produce about 60,000t this year. They hold about 3,000t in stock at the moment.
The current mainstream prices of black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max stand at RMB6,400/t (USD889/t) EXW D/A 180 days in Ningxia, without much changes from early this week. Although the market demand stays weak, given that the production costs stays firm, insiders hold the belief that the mainstream prices of Chinese black silicon carbide would remain stable in the following week.
"We suspended production since early January due to the sluggish market demand and we resumed production since 10th March after we cut down the inventory", a source in the company discloses, noting that they predict to have an output of nearly 4,000t in March.
With a production capacity of 90,000tpy, they produced about 70,000t in 2023 and expect to produce about 60,000t this year. They hold about 3,000t in stock at the moment.
The current mainstream prices of black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max stand at RMB6,400/t (USD889/t) EXW D/A 180 days in Ningxia, without much changes from early this week. Although the market demand stays weak, given that the production costs stays firm, insiders hold the belief that the mainstream prices of Chinese black silicon carbide would remain stable in the following week.
