Chinese black silicon carbide prices move down
2024-04-16 08:31:27 [Print]
BEIJING (Asian Metal) 16 Apr 24 – Due to the weak downstream market demand in the past two weeks, despite the firm production costs, most producers cut their prices to compete for orders. The current mainstream prices of Chinese black silicon carbide 98%min 10-30cm Fe2O3 0.6%max free C 0.2%max stands at RMB6,000-6,300/t (USD834-876/t) EXW D/A 180 days, down by RMB100/t (USD14/t) from late last week. Supported by the firm production costs, most producers intend to hold prices stable, insiders hold the opinion that the Chinese black silicon carbide mainstream prices would stay steady in the forthcoming week.
"We only sold about 600t so far this month, while we sold about 2,000t in March. We now offer RMB6,100/t (USD848/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max today with a counteroffer of RMB100/t (USD14/t) at most, while they insist on RMB6,100/t (USD848/t) late last week", a producer in Gansu stated. They last sold about 120t of black silicon carbide 98%min 0-50mm late last week at RMB6,100/t (USD848/t). Despite the weak demand, they plan to hold prices stable and forecast that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
With an annual production capacity of 30,000t, the producer expects to produce around 2,500t in April, in line with last month. They hold about 2,200t in stock at the moment.
"We held 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 with no concession last week, but as we failed to get orders last week from some of our regular clients with this price, we cut our priced by RMB100/t (USD14/t) since this week ", another producer in Gansu said. They last sold about 33t late last week at around RMB6,000/t (USD834/t). Despite the fierce market competition, supported by the firm costs, they determined to hold their price stable and anticipate that the mainstream prices of Chinese black silicon carbide would keep stable in the week to come.
On basis of annual production capacity of 66,000t, they estimate to produce about 4,800t in April, unchanged MoM. They hold nearly 3,000t in stock for the time being.
"We only sold about 600t so far this month, while we sold about 2,000t in March. We now offer RMB6,100/t (USD848/t) EXW D/A 180 days for black silicon carbide 98%min 10-30cm Fe2O3 0.5%max free C 0.3%max today with a counteroffer of RMB100/t (USD14/t) at most, while they insist on RMB6,100/t (USD848/t) late last week", a producer in Gansu stated. They last sold about 120t of black silicon carbide 98%min 0-50mm late last week at RMB6,100/t (USD848/t). Despite the weak demand, they plan to hold prices stable and forecast that the mainstream prices of Chinese black silicon carbide would keep steady in the coming week.
With an annual production capacity of 30,000t, the producer expects to produce around 2,500t in April, in line with last month. They hold about 2,200t in stock at the moment.
"We held 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 with no concession last week, but as we failed to get orders last week from some of our regular clients with this price, we cut our priced by RMB100/t (USD14/t) since this week ", another producer in Gansu said. They last sold about 33t late last week at around RMB6,000/t (USD834/t). Despite the fierce market competition, supported by the firm costs, they determined to hold their price stable and anticipate that the mainstream prices of Chinese black silicon carbide would keep stable in the week to come.
On basis of annual production capacity of 66,000t, they estimate to produce about 4,800t in April, unchanged MoM. They hold nearly 3,000t in stock for the time being.
