Silicon Carbide Market Kept Smooth Running
This week, Silicon Carbide manufacturers keep regular production. The selling was sluggish before for snow and rain and chinese new year caused bad transportation. However, most manufacturers currently maintain their inventory low, and do not have big pressure of sales and capital. So price quotation from manufacturers are strong.
End users: A part of steel mills in Tangshan area will resume production , and their output will form a certain supply pressure to market. Although the price of steel raised a little after chinese new year, once the recoverd manufacturers get into market, will pull the price level back.
The Chinese government plans cut crude steel capacity for 100 million-150 million in next 5 years. And there will be big movement in annexation and reorganizations. Which means the actual demand will shirnk. In near future, it will be a market everyone to compete cost.
For next, we predict some foundry manufacturer and traders will be back to market and strengthen the activity. Inquiry and Orders will also take a turn for the better. But in lack of new cutomers, and regular customers's also escaping from market, so the price would be stable.