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 the price of black silicon carbide abrasives in my country will increase by more than 5% in the coming week.
According to some black silicon carbide manufacturers, they have almost emptied all product inventories since the suspension of production in late June. 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 pet coke 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 my country’s petroleum coke prices 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. Industry insiders predict that the export price of black silicon carbide in my country may still rise further in the next week.