European white fused alumina market reports low spot activity with no market changes early this week
2016-07-27 11:23:18 [Print]
LONDON (Asian Metal) 27 Jul 16 - The European 99%min 1-3mm fused alumina market reports no change in the price levels early this week. Market participants have explained that traders are now at reduced activity due to the very low demand produced by the disengagement from the market by the majority of the market players. Consumers opt to consume less due to the lower economic activity of this period whereas produces opt to do some maintenance and stay out of the market during this period. Therefore, the weak demand alongside the almost inexistent spot activity kept spot prices unchanged remaining between EUR700-750/mt DDP Europe early this week.
A Central European trader revealed to Asian Metal that has been less active over the past weeks last selling two weeks ago 1 container of material at EUR750/mt DDP Europe. “The market has been very slow due to the summer period. This is very typical from this period therefore we just hold enough material to supply the few of our regular customers which are still active over the summer”, the source explained. The trader admitted that the spot activity of the European market is currently almost inexistent saying that they are willing to offer material below EUR750/mt DDP Europe; down to EUR730/mt DDP Europe. However no buyers were found early this week.
The source expects to trade over 6,000 tonnes of material this year; similar to the same volumes that has been trading over the past years. Moreover, they have admitted to be holding at the moment 3 containers of material in stock.
An Eastern European consumer reported to Asian Metal that the last time that they have bought material were two weeks ago, paying EUR750/mt DDP Europe for 4 containers of material. The source explained that they are planning to purchase more material at the beginning of the following month. “The summer period always brings calm weeks. Prices normally go down however we are still negotiating for cheaper material”, the source commented. The consumer expects to achieve cheaper deals for the month of August admitting that they are not willing to pay more than EUR730/mt DDP Europe; explaining that these are the current price levels for white fused alumina in Europe.
The consumer has explained that they anticipate similar levels of consumption compared to the past years, averaging 300 tonnes of material per year. They have admitted to be holding 50 tonnes of material in stock at the moment.
A Central European trader revealed to Asian Metal that has been less active over the past weeks last selling two weeks ago 1 container of material at EUR750/mt DDP Europe. “The market has been very slow due to the summer period. This is very typical from this period therefore we just hold enough material to supply the few of our regular customers which are still active over the summer”, the source explained. The trader admitted that the spot activity of the European market is currently almost inexistent saying that they are willing to offer material below EUR750/mt DDP Europe; down to EUR730/mt DDP Europe. However no buyers were found early this week.
The source expects to trade over 6,000 tonnes of material this year; similar to the same volumes that has been trading over the past years. Moreover, they have admitted to be holding at the moment 3 containers of material in stock.
An Eastern European consumer reported to Asian Metal that the last time that they have bought material were two weeks ago, paying EUR750/mt DDP Europe for 4 containers of material. The source explained that they are planning to purchase more material at the beginning of the following month. “The summer period always brings calm weeks. Prices normally go down however we are still negotiating for cheaper material”, the source commented. The consumer expects to achieve cheaper deals for the month of August admitting that they are not willing to pay more than EUR730/mt DDP Europe; explaining that these are the current price levels for white fused alumina in Europe.
The consumer has explained that they anticipate similar levels of consumption compared to the past years, averaging 300 tonnes of material per year. They have admitted to be holding 50 tonnes of material in stock at the moment.
Fused Alumina White 99%min 1-3mm In warehouse Rotterdam
Unit:EUR/mt
China brown fused alumina producers' suspension number statistics by province by month
Unit: pcs
