Chinese black silicon carbide market sees stable prices
2024-03-27 08:26:58 [Print]
BEIJING (Asian Metal) 27 Mar 24 - Despite that the market demand remains weak, given the lifted electricity costs, most producers hold their prices unchanged this week. The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stays at RMB6,100-6,400/t (USD848-890/t) EXW D/A 180 days, unchanged from late last week. As most producers prefer to keep the current prices, insiders anticipate that the Chinese black silicon carbide mainstream prices would remain stable in the forthcoming week.
A producer in Gansu states, "We quote RMB6,400/t (USD890/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max today and could accept a concession of RMB100/t (USD14/t) at most for regular clients, without much changes from last week. They last sold about 66t late last week at RMB6,300/t (USD876/t) to a regular client. Despite the risen electricity costs, because of the weak market demand, they plan to hold prices unmoved and forecast that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
With an annual production capacity of 40,000t, the producer expects to produce around 3,000t in March, in line with last month. They hold about 1,200t in stock at present.
Another producer in Gansu states, "We hold our prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max at RMB6,200/t (USD862/t) EXW D/A 180 days and could sell as low as RMB6,100/t (USD848/t) for long-term client, unchanged from late last week." Their last deal dated back to 5 days ago when they sold about 66t at around RMB6,100/t (USD848/t), who usually buy at least 100t at least. Despite that they lifted prices in early March based on the lifted electricity costs, most buyers refused to accept due to the poor market demand. Therefore, 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 40,000t, they estimate to produce about 1,500t in March, unchanged MoM. Currently they hold an inventory of nearly 1,000t.
A producer in Gansu states, "We quote RMB6,400/t (USD890/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.2%max today and could accept a concession of RMB100/t (USD14/t) at most for regular clients, without much changes from last week. They last sold about 66t late last week at RMB6,300/t (USD876/t) to a regular client. Despite the risen electricity costs, because of the weak market demand, they plan to hold prices unmoved and forecast that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
With an annual production capacity of 40,000t, the producer expects to produce around 3,000t in March, in line with last month. They hold about 1,200t in stock at present.
Another producer in Gansu states, "We hold our prices for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max at RMB6,200/t (USD862/t) EXW D/A 180 days and could sell as low as RMB6,100/t (USD848/t) for long-term client, unchanged from late last week." Their last deal dated back to 5 days ago when they sold about 66t at around RMB6,100/t (USD848/t), who usually buy at least 100t at least. Despite that they lifted prices in early March based on the lifted electricity costs, most buyers refused to accept due to the poor market demand. Therefore, 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 40,000t, they estimate to produce about 1,500t in March, unchanged MoM. Currently they hold an inventory of nearly 1,000t.
