Chinese black silicon carbide export market sees declined demand
2023-03-02 08:38:32 [Print]
BEIJING (Asian Metal) 2 Mar 23 – The Chinese export market saw deceased demand since the mid-February owing to the dim overseas market. Nonetheless, most exporters stuck to their prices this week supported by the firm domestic prices. Therefore, the present mainstream export prices of Chinese black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max stand at USD1,060-1,090/t FOB China, on par with early this week. Although overseas buyers hold a wait-and-see attitude, most exporters prefer to insist on their current prices given the stable domestic market. Thus, insiders predict that the prevailing export prices of Chinese black silicon carbide would stay steady in the coming week.
A trader in Tianjin revealed, "We expected a sales decline of nearly 80t in February due to sluggish demand, compared to about 200t in January. However, we quoted USD1,100/t FOB China for black silicon carbide 90%min 1-10mm Fe2O3 3%max free C 2.5%max today and made no concession, on par with early this week". The trader closed their last deal about two weeks ago when they export about 80t around USD1,100/t. Despite that the overseas market demand remains dormant, given that their suppliers refuse to cut the prices, the trader intend to stick to their quotation and believe that the prevailing export prices of Chinese black silicon carbide would keep firm in the coming week.
The exporter, with a typical monthly trading volume of 200t, expected to export only around 120t in February, while they sold about 200t in January. Currently they have no inventory.
Another trader in Tianjin exported about 100t in January and exported about 80t in January due to sluggish demand. They offered USD1,120/t FOB China for black silicon carbide 90%min 1-10mm Fe2O3 2.5%max free C 1.8%max today and accepted no counteroffer, in line with early this week. The trader disclosed, "We closed our last deal in mid-February when we sold about 60t to a Japanese client at around USD1,120/t". Despite that their clients hold a wait-and-see attitude, in view of the stable domestic prices, they prefer to keep their price steady and think that the prevailing export prices of Chinese black silicon carbide would keep stable in the week to come.
Based on a regular monthly trading volume of 150t, they export about 80t in February, while they exported nearly 100t in January. They have no stock at present.
A trader in Tianjin revealed, "We expected a sales decline of nearly 80t in February due to sluggish demand, compared to about 200t in January. However, we quoted USD1,100/t FOB China for black silicon carbide 90%min 1-10mm Fe2O3 3%max free C 2.5%max today and made no concession, on par with early this week". The trader closed their last deal about two weeks ago when they export about 80t around USD1,100/t. Despite that the overseas market demand remains dormant, given that their suppliers refuse to cut the prices, the trader intend to stick to their quotation and believe that the prevailing export prices of Chinese black silicon carbide would keep firm in the coming week.
The exporter, with a typical monthly trading volume of 200t, expected to export only around 120t in February, while they sold about 200t in January. Currently they have no inventory.
Another trader in Tianjin exported about 100t in January and exported about 80t in January due to sluggish demand. They offered USD1,120/t FOB China for black silicon carbide 90%min 1-10mm Fe2O3 2.5%max free C 1.8%max today and accepted no counteroffer, in line with early this week. The trader disclosed, "We closed our last deal in mid-February when we sold about 60t to a Japanese client at around USD1,120/t". Despite that their clients hold a wait-and-see attitude, in view of the stable domestic prices, they prefer to keep their price steady and think that the prevailing export prices of Chinese black silicon carbide would keep stable in the week to come.
Based on a regular monthly trading volume of 150t, they export about 80t in February, while they exported nearly 100t in January. They have no stock at present.
