Refractory Raw Material Price Trends for April 2025
Apr 18,2025
Market Dynamics
1. Bauxite market differentiation:
High-grade bauxite: due to the shortage of ore supply tension, prices are expected to rise; Low-grade bauxite: The supply is sufficient, but the cost support prices stabilized.
2. Corundum prices continue to decline:
White corundum benchmark price down 250 yuan / ton (affected by alumina price cuts), brown corundum demand is squeezed, and some enterprises into the loss range.
3. Magnesium sand price stability:
Sintered magnesium sand by magnesite cost support and low coal price hedge, price stable; electrofusion magnesium sand due to inventory depletion and cost pressure to maintain high operation.
4. Silicon carbide export pressure:
The U.S. tariff policy led to the doubling of silicon carbide export prices to the U.S., while relying on the U.S. petroleum coke smelting enterprises raw material procurement blocked.
Tariff and Trade Policy Impact
1. The U.S. imposed “reciprocal tariffs” on silicon carbide, directly affecting China's exports to the U.S. (exports accounted for more than 32% of the total volume in 2024).
2. Chinese refractory enterprises are facing the risk of rising export costs, and some of them are turning to the domestic market or adjusting their raw material procurement strategy.
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