Chinese white fused alumina export prices stay stable
2023-03-27 08:25:45 [Print]
BEIJING (Asian Metal) 27 Mar 23 – Based on the firm domestic prices, most exporters held their prices unchanged this week, though the overseas demand remains dim. Consequently, the present prevailing export prices of Chinese white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max stand at USD650-670/t Ex-VAT FOB China, in line with early this week. In light of the stable domestic prices, most exporters intend to firm their prices and market participants believe that the prevailing export prices of Chinese white fused alumina would stay steady in the following week.
A trader in Beijing held their export price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max steady from early this week at USD650/t Ex-VAT FOB China with no counteroffer. The trader revealed, "We closed our latest deal early this week when we sold about 200t to a European client at around USD650/t". Given that their domestic suppliers refused to make concessions, they determined to insist on their price and they believe that the prevailing export prices of Chinese white fused alumina would keep stable in the week to come.
Based on a regular monthly trading volume of 600t, they predict to sell about 600t in March, while they only sold about 400t last month due to weak demand. Currently they have no stock.
Another exporter in Tianjin disclosed, "We held our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max in line with early this week at USD660/t Ex-VAT FOB China and could give no discount". They concluded their last deal early this week when they sold about 60t to client from Europe at around USD660/t. Despite that they hold the view that the market demand stays in low position, they still consider to holding their present quotation in view of the steady domestic prices and predict that the prevailing export prices of Chinese white fused alumina would stay steady in the upcoming week.
The trader, with a typical monthly trading volume of 200t, expected to export about 150t this month, unchanged from February. They have no inventory currently.
A trader in Beijing held their export price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max steady from early this week at USD650/t Ex-VAT FOB China with no counteroffer. The trader revealed, "We closed our latest deal early this week when we sold about 200t to a European client at around USD650/t". Given that their domestic suppliers refused to make concessions, they determined to insist on their price and they believe that the prevailing export prices of Chinese white fused alumina would keep stable in the week to come.
Based on a regular monthly trading volume of 600t, they predict to sell about 600t in March, while they only sold about 400t last month due to weak demand. Currently they have no stock.
Another exporter in Tianjin disclosed, "We held our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max in line with early this week at USD660/t Ex-VAT FOB China and could give no discount". They concluded their last deal early this week when they sold about 60t to client from Europe at around USD660/t. Despite that they hold the view that the market demand stays in low position, they still consider to holding their present quotation in view of the steady domestic prices and predict that the prevailing export prices of Chinese white fused alumina would stay steady in the upcoming week.
The trader, with a typical monthly trading volume of 200t, expected to export about 150t this month, unchanged from February. They have no inventory currently.
