Chinese black silicon carbide export market sees recovering demand
2023-03-24 08:29:56 [Print]
BEIJING (Asian Metal) 24 Mar 23 – The Chinese export market saw slightly recovering demand since the mid-March. Nonetheless, most exporters insisted on their prices this week given that the market demand still remained in low position. Hence, the current prevailing export prices of Chinese black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max stand at USD1,030-1,060/t FOB China, on par with early this week. Although overseas buyers increased their purchasing order, most exporters prefer to insist on their current prices in light of the soft end market. Thus, insiders believe that the prevailing export prices of Chinese black silicon carbide would keep steady in the coming week.
A trader in Tianjin revealed, "We expected to sell about 200t this month since our clients almost consumed their stocks and have to place orders, while we only sold about 120t in February. However, we quoted USD1,060/t FOB China for black silicon carbide 90%min 0-10mm Fe2O3 2.5%max free C 2%max today and accept no concession, in line with early this week". The trader closed their latest deal late last week when they sold out about 80t around USD1,060/t. Despite that the overseas market showed sign of recovering, given that the market demand still stayed in low position, the trader decided to stick to their quotation and hold the belief 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 around 200t in March, while they sold about only 120t in February. Currently they have no inventory.
Another trader in Fujian exported about only 200t in February and expected to sell about 300t this month due to the recovering demand. They offered USD1,030/t FOB China for black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max today and made no counteroffer, on par with early this week. The trader disclosed, "Our clients period of using stocks prolonged this year, so they started to place orders since mid-March. We closed our last deal last Friday when we sold about 120t to a client at around USD1,030/t". In spite of the warming demand, in view of the still dormant end market, they prefer to keep their price steady to maintain sales and estimate 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 300t, they predict to export about 300t in March, compared to about 200t in February. They have no stock at present.
A trader in Tianjin revealed, "We expected to sell about 200t this month since our clients almost consumed their stocks and have to place orders, while we only sold about 120t in February. However, we quoted USD1,060/t FOB China for black silicon carbide 90%min 0-10mm Fe2O3 2.5%max free C 2%max today and accept no concession, in line with early this week". The trader closed their latest deal late last week when they sold out about 80t around USD1,060/t. Despite that the overseas market showed sign of recovering, given that the market demand still stayed in low position, the trader decided to stick to their quotation and hold the belief 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 around 200t in March, while they sold about only 120t in February. Currently they have no inventory.
Another trader in Fujian exported about only 200t in February and expected to sell about 300t this month due to the recovering demand. They offered USD1,030/t FOB China for black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max today and made no counteroffer, on par with early this week. The trader disclosed, "Our clients period of using stocks prolonged this year, so they started to place orders since mid-March. We closed our last deal last Friday when we sold about 120t to a client at around USD1,030/t". In spite of the warming demand, in view of the still dormant end market, they prefer to keep their price steady to maintain sales and estimate 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 300t, they predict to export about 300t in March, compared to about 200t in February. They have no stock at present.
