Abrasive-grade silicon carbide prices drift lower on weaker market sentiment
Published: Friday, 28 August 2020
Prices for abrasive-grade silicon carbide dropped over the past month, with volatility from other abrasive industrial minerals filtering through due to slack demand.
The weakening exchange rate between the United States dollar
and the Euro also played a role, sources told Fastmarkets,
noting that the major exporter of silicon carbide is China and
export prices are dollar denominated.
China is the world’s leading producer of
silicon carbide, with production capacity of 400,000