Chinese calcium silicon prices slip
2023-03-29 08:30:39 [Print]
BEIJING (Asian Metal) 29 Mar 23 - Upon the sluggish demand, the current mainstream prices of calcium silicon 30-60 10-50mm in China moved down by RMB200/t (USD29/t) to RMB11,500-11,800/t (USD2,253-2,296/t) EXW D/A 180 days from early last week. Given the sluggish demand, insiders predict the mainstream prices of calcium silicon 30-60 10-50mm in China would go down further next week.
A consumer in North China revealed that he bought 100t of calcium silicon 30-60 10-50mm from a regular supplier in Ningxia at RMB11,700/t (USD1,699/t) delivered D/A 180 days covered the transport of around RMB200/t (USD29/t) on Tuesday, and the supplier insisted on RMB11,900/t (USD1,728/t) early last week. "My consumption in March would still account for around half of my regular level dragged by the sluggish demand of core wire, and both my two suppliers give some discount to drive sales this week," revealed the consumer on Tuesday. Given the sluggish demand, he predict the mainstream prices of calcium silicon 30-60 10-50mm in China would drop further next week.
With an annual calcium silicon consumption capacity of 3,000t, the consumer expects to consume about 100t in March, unchanged from last month, holding around 50t in stock.
A producer in North China disclosed that his current offer for calcium silicon 30-60 10-50mm stands at RMB12,000/t (USD1,743/t) delivered D/A 180 days covered the logistic of RMB200/t (USD29/t) at most, and he sold 60t at RMB11,800/t (USD1,714/t) on Monday, while he insisted on RMB12,000/t (USD1,743/t) early last week. "I usually could sell at least 200t a week in February but only 100t at most a week in March dragged by the decreasing demand from steel mills," revealed the producer on Tuesday. As his inventory keeps rolling-up and the demand remains unrecovered, he foresees the mainstream prices of calcium silicon 30-60 10-50mm in China still show downward trend next week.
With an annual production capacity of 16,000t for calcium silicon, the producer expects to output around 1,200t in March, unchanged from last month, holding around 2,000t in stock. The producer owns three furnaces of 33,000kVA in total with one of them running now.
A consumer in North China revealed that he bought 100t of calcium silicon 30-60 10-50mm from a regular supplier in Ningxia at RMB11,700/t (USD1,699/t) delivered D/A 180 days covered the transport of around RMB200/t (USD29/t) on Tuesday, and the supplier insisted on RMB11,900/t (USD1,728/t) early last week. "My consumption in March would still account for around half of my regular level dragged by the sluggish demand of core wire, and both my two suppliers give some discount to drive sales this week," revealed the consumer on Tuesday. Given the sluggish demand, he predict the mainstream prices of calcium silicon 30-60 10-50mm in China would drop further next week.
With an annual calcium silicon consumption capacity of 3,000t, the consumer expects to consume about 100t in March, unchanged from last month, holding around 50t in stock.
A producer in North China disclosed that his current offer for calcium silicon 30-60 10-50mm stands at RMB12,000/t (USD1,743/t) delivered D/A 180 days covered the logistic of RMB200/t (USD29/t) at most, and he sold 60t at RMB11,800/t (USD1,714/t) on Monday, while he insisted on RMB12,000/t (USD1,743/t) early last week. "I usually could sell at least 200t a week in February but only 100t at most a week in March dragged by the decreasing demand from steel mills," revealed the producer on Tuesday. As his inventory keeps rolling-up and the demand remains unrecovered, he foresees the mainstream prices of calcium silicon 30-60 10-50mm in China still show downward trend next week.
With an annual production capacity of 16,000t for calcium silicon, the producer expects to output around 1,200t in March, unchanged from last month, holding around 2,000t in stock. The producer owns three furnaces of 33,000kVA in total with one of them running now.
