Ferrosilicon prices in Europe down
2023-04-28 08:06:05 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Dragged by the sluggish demand, the current mainstream prices of ferrosilicon 75%min 10-50mm in Europe moved down by EUR50/t (USD55/t) to EUR1,650-1,750/t (USD1,823-1,934/t) in warehouse Rotterdam T/T 30 days from early last week. Given the sluggish demand, insiders predict the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down further next week.
A trader in East Europe revealed that he sold 30t of ferrosilicon 75%min 10-50mm at EUR1,750/t (USD1,934/t) D.D.P T/T 30 days covered the logistic of EUR30/t (USD33/t) on Thursday, while he insisted on EUR1,800/t (USD1,989/t) early last week. "As most clients delayed purchases to May upon their sufficient stocks and I received few firm bids this week, I agreed with the buyer's price this week," revealed the trader on Thursday. Given the sluggish demand, he foresees the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would move down further next week.
With a regular monthly trading amount of 300t for ferrosilicon, the trader expects to sell around 200t in April, down by 100t from last month, holding around 200t in stock.
A consumer in Central Europe disclosed that the current offer for ferrosilicon 75%min 10-50mm from a regular supplier stands at EUR1,750/t (USD1,934/t) D.D.P T/T 30 days covered the logistic cost of EUR40/t (USD44/t), and the supplier could accept EUR1,700/t (USD1,878/t) if I could purchase 100t before the May holiday, down by EUR50/t (USD55/t) from his prices early last week, but he prefers to purchase after the holiday. "I last purchased 150t at EUR1,800/t (USD1,989/t) in late March, and my purchase amount halved in April against March upon our sufficient stock," revealed the consumer on Thursday. He foresees the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down further next week.
The consumer, based on an annual consumption capacity for ferrosilicon of around 2,500t, predicts to consume around 200t this month, unchanged from last month, holding around 300t in stock.
A trader in East Europe revealed that he sold 30t of ferrosilicon 75%min 10-50mm at EUR1,750/t (USD1,934/t) D.D.P T/T 30 days covered the logistic of EUR30/t (USD33/t) on Thursday, while he insisted on EUR1,800/t (USD1,989/t) early last week. "As most clients delayed purchases to May upon their sufficient stocks and I received few firm bids this week, I agreed with the buyer's price this week," revealed the trader on Thursday. Given the sluggish demand, he foresees the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would move down further next week.
With a regular monthly trading amount of 300t for ferrosilicon, the trader expects to sell around 200t in April, down by 100t from last month, holding around 200t in stock.
A consumer in Central Europe disclosed that the current offer for ferrosilicon 75%min 10-50mm from a regular supplier stands at EUR1,750/t (USD1,934/t) D.D.P T/T 30 days covered the logistic cost of EUR40/t (USD44/t), and the supplier could accept EUR1,700/t (USD1,878/t) if I could purchase 100t before the May holiday, down by EUR50/t (USD55/t) from his prices early last week, but he prefers to purchase after the holiday. "I last purchased 150t at EUR1,800/t (USD1,989/t) in late March, and my purchase amount halved in April against March upon our sufficient stock," revealed the consumer on Thursday. He foresees the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down further next week.
The consumer, based on an annual consumption capacity for ferrosilicon of around 2,500t, predicts to consume around 200t this month, unchanged from last month, holding around 300t in stock.
