Chinese WFA producers are optimisticMost of China's WFA producers are optimistic about future prices, in spite of the downturn in the end market and expect mainstream WFA prices to rise in the coming week, given rising alumina prices and tight supplies. At present, the mainstream price of which is the same as the beginning of this week. A manufacturer in Shandong said that because of the alumina powder supply shortage, we are optimistic about the future price trend, and plans to raise prices next week. We think the mainstream WFA price will rise in the coming week.”With an annual production capacity of 24,500 tons, they expect to produce about 1,000 tons in April, unchanged month-on-month. They currently hold nearly 500 tons in stock. "Due to tight alumina supply and this week's price rise, we are bullish on WFA prices and intend to raise prices next week," said another Shandong producer. We also believe that the mainstream price of WFA in China will rise next week. That's about the same as it was earlier this week. At an annual capacity of 27,000 tonnes, the producer expects to produce about 2,000 tonnes in April, flat on the previous month. They currently have nearly 1,000 tons in stock. |