WHITE FUSED ALUMINA PRICE DIPPED
Sources from market have evidenced the WFA price slipped for ~$40 per metric ton in the latest month to reflect the weak demand of aluminum oxide powder.
The dominant cosumer to aluminum oxide powder--the electrolytic aluminum industry--has suffered at least a non-profitable quarter. With the circumstance of relatively weak consumption in electrolytic aluminum industry, the producers have to lower the price to slash its stock.
In most time, WFA is a little more expensive than BFA when referring to similar applications(the difference varies from 5% to 15% of BFA price). The market is used to judge a price of certain commodity by its content of alumina, or the purity of alumina. A higher price is in accordance to a higher content of alumina.
Now the situation is different, BFA and WFA come as same price level when both are applied in same sector, exceptionally, the BFA price retains a relatively stable level without being impacted by the price slip of WFA.
But the market has it way to balance the price difference between the two major industrial ingredients by conducting the price pressure to downstream, subsequently, WFA price will return to its relatively higher position against BFA, we just don't know when it will happen.