Chinese ferrosilicon exporters pessimistic about market
2023-03-08 08:42:50 [Print]
BEIJING (Asian Metal) 8 Mar 23 - Discouraged by weak demand from overseas clients, most exporters hold negative attitudes towards the market. Currently, the mainstream export prices of Chinese ferrosilicon 75%min 10-50mm stand at USD1,580-1,610/t FOB China and USD1,530-1,560/t Ex-VAT FOB China respectively, both down by USD20/t from early this week. Insiders hold the view that the mainstream export prices of Chinese ferrosilicon 75%min would edge down within this week due to inactive overseas market.
A trader in Henan mentioned that they held pessimistic attitude and lowered their price by USD20/t from early this week for no deals. The trader didn't receive any inquiry this week and wouldn't quote proactively from mid this week. They targeted to export ferrosilicon 75%min 10-50mm at the price no less than USD1,530/t Ex-VAT FOB China today. "We didn't close any deal today and last sold 20t at USD1,580/t three weeks ago.", the trader revealed. The trader believes that the mainstream export prices of Chinese ferrosilicon 75%min would decrease by the end of this week due to limited deals.
Based on the regular monthly exporting volume of 200t, the trader expects export around 100t in March, in line with last month. They don't have any inventory currently.
Another trader from Henan disclosed, "We hold pessimistic attitude about the market and lowered our price by USD10/t from early this week. We would decrease our price again late this week if we couldn't close any deal. Our current offer for ferrosilicon 75%min 10-50mm stands at USD1,600//t FOB China and we could consider a concession as much as USD10/t." They didn't close any deal today and last sold 500t at USD1,590/t two weeks ago. The trader predicts that the mainstream export prices of Chinese ferrosilicon 75%min would slip within this week.
The trader, with the typical monthly trading volume of 1,000t, predicts to export about 1,000t in march, on par with the previous month. They hold no stock at the moment
A trader in Henan mentioned that they held pessimistic attitude and lowered their price by USD20/t from early this week for no deals. The trader didn't receive any inquiry this week and wouldn't quote proactively from mid this week. They targeted to export ferrosilicon 75%min 10-50mm at the price no less than USD1,530/t Ex-VAT FOB China today. "We didn't close any deal today and last sold 20t at USD1,580/t three weeks ago.", the trader revealed. The trader believes that the mainstream export prices of Chinese ferrosilicon 75%min would decrease by the end of this week due to limited deals.
Based on the regular monthly exporting volume of 200t, the trader expects export around 100t in March, in line with last month. They don't have any inventory currently.
Another trader from Henan disclosed, "We hold pessimistic attitude about the market and lowered our price by USD10/t from early this week. We would decrease our price again late this week if we couldn't close any deal. Our current offer for ferrosilicon 75%min 10-50mm stands at USD1,600//t FOB China and we could consider a concession as much as USD10/t." They didn't close any deal today and last sold 500t at USD1,590/t two weeks ago. The trader predicts that the mainstream export prices of Chinese ferrosilicon 75%min would slip within this week.
The trader, with the typical monthly trading volume of 1,000t, predicts to export about 1,000t in march, on par with the previous month. They hold no stock at the moment
