With the continuous development of the times and industrial demand, the price of black silicon carbide will rise from the second half of this year, and those who are interested can contact us at any time. I would like to share with you below news:
Since September, with the gradual recovery of domestic demand, my country’s black silicon carbide abrasive market orders are increasing, and corporate inventories are also decreasing. Superimposed on the recent increase in the price of raw material petroleum coke and other factors, some black silicon carbide abrasive manufacturers intend to raise prices. Some people in the industry predict that in the coming week, the price of black silicon carbide abrasives in my country will increase by more than 5%.
According to some black silicon carbide manufacturers, since the suspension of production in late June, they have almost emptied all product inventories. In view of the fact that my country’s black silicon carbide smelting enterprises have been in a meager profit or even loss situation for some time, and due to the recent market recovery, the company intends to take advantage of the trend and reasonably increase product prices to improve the current production and operation conditions of the company.
In addition, it is understood that due to reduced supply but stable market demand, the price of petcoke in my country has continued to rise since September. In view of the fact that many large-scale petroleum coke production enterprises will reduce production due to equipment maintenance in the near future, it is expected that the price of petroleum coke in my country may rise further in the coming week.
Finally, it is worth mentioning that Goldman Sachs Asia Pacific Macro Research Co-Head and Chief Asia Pacific Equity Strategist Mu Tianhui said on September 17 that the bank currently expects the onshore RMB/US dollar exchange rate to rise to 6.5 in the next year. With the recent increase in the RMB exchange rate, the export price of black silicon carbide abrasives in my country has also risen accordingly. Industry insiders predict that the export price of black silicon carbide in my country may continue to rise further in the next week.