Chinese silicon carbide market sees weak demand
2024-04-11 08:00:08 [Print]
BEIJING (Asian Metal) 11 Apr 24 – Due to the low operating rate from downstream steel mills, most producers witnessed weak market demand in the past two weeks. The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stands at RMB6,100-6,400/t (USD848-890/t) EXW D/A 180 days, on par with early this week. Given the firm production costs, most producers prefer to hold prices unmoved, insiders anticipate that the Chinese black silicon carbide mainstream prices would keep steady in the coming week.
A producer in Gansu stated, "We have seen poor sales in the past two weeks as we only closed two deals in the past week, while we usually have three or four at least in a week. We quote RMB6,300/t (USD876/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max today and could accept a counteroffer of RMB100/t (USD14/t) at most, in line with early this week." They last sold about 66t of silicon carbide 98%min 0-10mm this Monday at RMB6,600/t (USD923/t). Despite the high production costs, they intend to hold prices stable and think that the mainstream prices of Chinese black silicon carbide would stay steady in the coming week.
With an annual production capacity of 74,000t, the producer expects to produce around 4,000t in April, in line with last month. They hold about 2,600t in stock at present.
Another producer in Gansu said, "Most of our buyers have an operating rate lower than 50% due to the dim downstream market, and thus we have seen decreased deals in the past two weeks and only closed one deal so far this week." They hold our price for black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.2%max at RMB6,000/t (USD834/t) EXW D/A 180 days and could accept a concession as much as RMB100/t (USD14/t), on par with early this week." They last sold about 33t early this week at around RMB6,000/t (USD834/t). Despite the dim end market, supported by the firm costs, they prefer to hold their price unchanged and foresee that the mainstream prices of Chinese black silicon carbide would stay stable in the week to come.
On basis of annual production capacity of 30,000t, they estimate to produce about 1,000t in April, unchanged MoM. Currently they hold nearly 800t in stock.
A producer in Gansu stated, "We have seen poor sales in the past two weeks as we only closed two deals in the past week, while we usually have three or four at least in a week. We quote RMB6,300/t (USD876/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max today and could accept a counteroffer of RMB100/t (USD14/t) at most, in line with early this week." They last sold about 66t of silicon carbide 98%min 0-10mm this Monday at RMB6,600/t (USD923/t). Despite the high production costs, they intend to hold prices stable and think that the mainstream prices of Chinese black silicon carbide would stay steady in the coming week.
With an annual production capacity of 74,000t, the producer expects to produce around 4,000t in April, in line with last month. They hold about 2,600t in stock at present.
Another producer in Gansu said, "Most of our buyers have an operating rate lower than 50% due to the dim downstream market, and thus we have seen decreased deals in the past two weeks and only closed one deal so far this week." They hold our price for black silicon carbide 97%min 10-30cm Fe2O3 0.5%max free C 0.2%max at RMB6,000/t (USD834/t) EXW D/A 180 days and could accept a concession as much as RMB100/t (USD14/t), on par with early this week." They last sold about 33t early this week at around RMB6,000/t (USD834/t). Despite the dim end market, supported by the firm costs, they prefer to hold their price unchanged and foresee that the mainstream prices of Chinese black silicon carbide would stay stable in the week to come.
On basis of annual production capacity of 30,000t, they estimate to produce about 1,000t in April, unchanged MoM. Currently they hold nearly 800t in stock.
