Rising Raw Material Prices: A Number of Abrasives and Superhard Materials Companies Announced Price Increases

    China Abrasives  Network March 23, recently affected by the rise in raw material prices, a number of abrasives and abrasives, superhard materials enterprises announced price increases, involving products mainly for green silicon carbide, black silicon carbide, diamond single crystal, superhard tools and so on.

    Among them, Yuzhou Xinrun Abrasives Co., Ltd. has raised the price of some diamond products since February 26, with an increase of 0.04-0.05 yuan. Linying Dekat New Materials Co., Ltd. announced on March 17 that the previous quotations are void, please inquire about the price before placing an order, and the quotation of the day shall prevail. Since March 21, Xinjiang Xinneng Tianyuan Silicon Carbide Co., Ltd. has been working at a factory price of 13,500 yuan / ton for high-quality green silicon carbide products; and 12,000 yuan / ton for qualified green silicon carbide products. Since March 22, Shandong Jinmeng New Material Co., Ltd. has raised the price of green silicon carbide by 3,000 yuan / ton, and the price of black silicon carbide has been raised by 500 yuan / ton.

    The survey results of China Abrasives Network show that the price of pyrophyllite, the raw and auxiliary materials necessary for synthetic diamond, rose by 45%, and the price of metal “nickel” soared by 100,000 yuan a day; at the same time, under the influence of factors such as environmental protection and energy consumption control, the price of main raw materials produced by silicon carbide rose to varying degrees, and manufacturing costs continued to rise. The price of raw materials has risen more than the industry expects, and some enterprises have greater operating pressure, and can only alleviate cost pressure through price increases. Industry insiders revealed that at present, the main ones affected are small and medium-sized enterprises that seize the low-end market by virtue of low prices. Large enterprises usually pre-order raw materials a few months ago, which greatly reduces the impact of recent price increases, coupled with their technical level and relatively high added value of products, and has a strong ability to resist the risk of price increases. Due to the transmission of raw material prices, the atmosphere of price increases can already be clearly felt in the market. With the continuous rise in the price of raw materials, abrasives, etc., it will spread downstream along the industrial chain, causing a certain impact on product enterprises and end users. Under the influence of multiple factors such as the complex and changeable international economic situation, repeated epidemics, and soaring commodity prices, industry enterprises may continue to bear higher production costs, and enterprises without technical advantages and core competitiveness will face the possibility of being eliminated by the market.


Post time: Apr-01-2022