Condition of National Refractory Market during National Day Holiday in 2022

Market: During the National Day, the national refractory material market is running smoothly, in which Bauxite, Scale Graphite and Silicon Carbide market prices are firm. The prices of Brown Fused Alumina, White Fused Alumina, Slab Fused Alumina and Magnesia are stable after the drop. Overall, the national refractory market turnover is general and the price of it is basically the same as before the holidays.

Supply：During the National Day, the production rhythm of refractory materials basically maintained a low start operation before the holiday, and the supply remained stable.

Mindset：Weakening prices of refractory material before the holiday and the impact of poor market demand during the National Day, bearish sentiment of refractory material suppliers is strong.

Demand: During the National Day, the inquiry is less, the market turnover is general, in order to avoid the congestion caused by transportation, most orders were dispersed for delivery before and after the holiday. 

The following is the variety of refractory market operation during the National Day：

Silicon Carbide：During the National Day, the overall operation of the Silicon Carbide market is stable, also the price is stable. Strong prices for raw materials anthracite and petroleum coke have contributed to the strengthening of Silicon Carbide prices. However the market demand is weak, the price rise is slightly sluggish. In the short term, the game between supply and demand is fierce, under the cost support, the price of Silicon Carbide will be up in a wave like way.

White Fused Alumina：During the National Day, the white corundum market was mainly stable. Recently, the raw material alumina market is pessimistic and the price is weak, which is difficult to bring support to the price of white corundum. According to industry insiders, during the holiday, the downstream purchasing enthusiasm is not high, and the market transaction is lukewarm. On the supply side, White Fused Alumina enterprises basically start operation normally during National holiday, the market supply is sufficient. In summary, the White Fused Alumina market is expected to run weakly after the holiday.

Brown Fused Alumina：During the National Day, the domestic Brown Fused Alumina market is mainly stable, Brown Fused Alumina smelting furnace to maintain a low start operation and the supply is sufficient. At the same time, there are not many inquiries in the market, coupled with strict traffic control during the National Day, the delivery volume is small, resulting in slight accumulation of storage. After the festival, the pressure to reduce storage of the suppliers may increase, but the cost is still firm, it is expected that after the festival Brown Fused Alumina market will be stable in the weak operation mainly.

Bauxite：During the National Day, the domestic Bauxite market was stable, and the Bauxite enterprises continued their pre-holiday production rhythm. Although there were fewer inquiries in the Bauxite market during the National Day, the high-grade Bauxite resources were still in short supply and the price was firm, while the medium and low-grade Bauxite resources were sufficient. After the holiday, the Bauxite market is still polarized, and it is expected that the high-grade Bauxite market is still to rise.

Magnesia：During the National Day, the price of Liaoning Magnesia ran steadily, and the market transaction continued to be quiet. Dead Burnt, Mid-grade Magnesia is affected by the rising price of coal, environmental protection and other factors. the enterprise bullish mentality is strong. There is no obvious good in fused magnesia market and product offerings are more confusing. As the weather turns cooler, the demand of the terminal steel, cement and other industries increases, the operating rate of Magnesia enterprise will appear slow rebound, the market is still facing the current situation of oversupply. In the short term, there is no obvious change in the magnesia market, and the market will remain stable.

Source and original : Shanghai Ganglian