China Abrasive Materials BFA ,WFA Market Review
1. White Fused Alumina This week, due to the continued decline in the price of raw material alumina powder, the price of white fused alumina in China fell again by about 50 RMB/ ton. In addition, due to the current global pandemic, demanding for the white fused alumina outside China is weak, and so does the domestic market consumption. Affected by the pessimism of the industry, some white fused alumina smelting companies in Henan have stopped production, and the current sales in the market are mainly spot cash transactions to avoid risks.
2. Brown Fused Alumina In order to avoiding losses and overstocked, some brown fused alumina smelting companies in Henan Province have officially shut down their furnaces and stopped production, and will resume production when receive orders. In addition, since the mine control has not been lifted, the price of high-grade bauxite is still rising slightly due to the tightening supply, which supports the current stable market price of brown fused alumina.