European high carbon ferrochrome market sees lower offering prices
2016-02-05 09:37:38 [Print]
LONDON (Asian Metal) 5 Feb 16 – Many involved with the European high carbon ferrochrome market are reporting to Asian Metal of receiving lowering prices as buyers continue to withhold from purchasing and try to force prices lower, with many reporting offering prices for 62%min material at USD0.80/lb Cr in warehouse Rotterdam duty paid with some even reporting offering prices at USD0.78/lb Cr in warehouse Rotterdam duty paid
“We have received offers today with prices at USD0.78/lb Cr in warehouse Rotterdam duty paid and that is a price we are not willing to settle at, we are willing to conclude business at USD0.80/lb Cr in warehouse Rotterdam duty paid”, a European trader has revealed to Asian Metal . The trader’s last sale was 25 tonnes of 62%min material in mid January at USD0.82/lb Cr in warehouse Rotterdam duty paid and is hoping to conclude some further business at USD0.80/lb Cr in warehouse Rotterdam by the end of the week . The trader is not expecting to see any further improvements over the following days to come as buyers remain hesitant to purchase in bulk and only when needed.
The trader, with 25 tonnes in stock, is normally active with 100 tonnes per month but has concluded less than 25 tonnes per month over the past few months as demand remains poor.
“The offers we have received this week were well below what we wanted; with prices at USD0.79/lb Cr in warehouse Rotterdam duty paid we are not willing to finalize any deals at those levels . Only at USD0.80/lb Cr in warehouse Rotterdam duty paid shall we conclude business”, a European trader has reported . The traders last sale was last week for 25 tonnes of 62%min material at USD0.82/lb Cr in warehouse Rotterdam and will rather hold onto stock for the time being than sell below USD0.80/lb Cr in warehouse Rotterdam duty paid . The trader is not expecting any positive change over the next few days as buyers continue to test the boundaries on pricing.
The trader, with 50 tonnes in stock, is normally active with 150 tonnes per month but weakened interest in material is seeing them conclude 25 tonnes per month.
. Prices for 62%min material remain at USD0 . 82-0.85/lb Cr in warehouse Rotterdam duty paid with many not willing to go below USD0.80/lb Cr in warehouse Rotterdam duty paid.“We have received offers today with prices at USD0.78/lb Cr in warehouse Rotterdam duty paid and that is a price we are not willing to settle at, we are willing to conclude business at USD0.80/lb Cr in warehouse Rotterdam duty paid”, a European trader has revealed to Asian Metal . The trader’s last sale was 25 tonnes of 62%min material in mid January at USD0.82/lb Cr in warehouse Rotterdam duty paid and is hoping to conclude some further business at USD0.80/lb Cr in warehouse Rotterdam by the end of the week . The trader is not expecting to see any further improvements over the following days to come as buyers remain hesitant to purchase in bulk and only when needed.
The trader, with 25 tonnes in stock, is normally active with 100 tonnes per month but has concluded less than 25 tonnes per month over the past few months as demand remains poor.
“The offers we have received this week were well below what we wanted; with prices at USD0.79/lb Cr in warehouse Rotterdam duty paid we are not willing to finalize any deals at those levels . Only at USD0.80/lb Cr in warehouse Rotterdam duty paid shall we conclude business”, a European trader has reported . The traders last sale was last week for 25 tonnes of 62%min material at USD0.82/lb Cr in warehouse Rotterdam and will rather hold onto stock for the time being than sell below USD0.80/lb Cr in warehouse Rotterdam duty paid . The trader is not expecting any positive change over the next few days as buyers continue to test the boundaries on pricing.
The trader, with 50 tonnes in stock, is normally active with 150 tonnes per month but weakened interest in material is seeing them conclude 25 tonnes per month.