In recent years, with the adjustment of industrial structure and the elimination of high-energy consumption and outdated production capacity, the concentration of brown corundum production capacity in China has increased.
From the perspective of market demand, brown corundum has a wide range of downstream applications, mainly including abrasives and grinding tools, refractory materials, ceramics, electronics, aerospace and other fields. Among them, abrasives and refractory materials are the main application areas of brown corundum. With the rapid development of downstream industries, the demand for brown corundum is also constantly increasing. Especially in the fields of high-end manufacturing and precision machining, there is a stronger demand for high-performance brown corundum.
From the perspective of market prices, the market price of brown corundum shows a fluctuating upward trend. Data shows that the overall weakness of the brown corundum market in 2023 is downward, and in the fourth quarter, under the dual pressure of reduced raw material supply and rising electricity prices, the price of brown corundum is upward. However, the weakening of downstream demand makes it difficult for profits to return, which restricts the upward shift of the trading center of Zonggangyu.
It is expected that in the next few years, the market price of brown corundum will maintain a stable and upward trend. Under the combined effect of rising raw material costs, increased environmental requirements, and increased market demand, the market price of brown corundum is expected to continue to rise.
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