Chinese aluminum fluoride export deals continue to be thin
2016-11-22 08:42:36 [Print]
BEIJING (Asian Metal) 22 Nov 16 - Looking ahead, Chinese aluminum fluoride producers anticipate that the price may reach RMB7,000/t (USD1,016/t) DDP in Xinjiang in December. Most Chinese aluminum fluoride producers focus on the domestic market at higher prices, but few new deals are seen in the export market, as the price is less than USD1,000/t FOB China.
A Chinese aluminum fluoride producer reported that they did not sign new contracts in the export market recently, as the price is too low. “We offered USD1,050/t FOB China early this month, but failed to conclude deals, as the purchase price was lower than USD1,000/t,” said the source, who will export around 1,000t of the material in December at USD890/t, agreed in July.
According to the source, they now focus on Chinese domestic market. The selling price to Inner Mongolia is around RMB6,800/t (USD987/t) DDP, and they just signed a 3,000t-contract last month.
The plant is running fully at the capacity of 40,000tpy and holds around 2,000t in stock.
A trader in China confirmed that they did not conclude a new deal recently in the export market, as the price is very low. “In addition, overseas buyers are also watching Chinese market and cannot decide if they will buy the material from China until next February,” said the source, who offered around USD960/t FOB China early this month.
The trader pointed out that Chinese export prices are not competitive compared with other countries including Italy and Tunisia. Therefore, the export market will continue to face great challenge next year.
They once exported around 3,000t of aluminum fluoride at USD880-890/t FOB China in Q2 and hold no stock now.
A Chinese aluminum fluoride producer reported that they did not sign new contracts in the export market recently, as the price is too low. “We offered USD1,050/t FOB China early this month, but failed to conclude deals, as the purchase price was lower than USD1,000/t,” said the source, who will export around 1,000t of the material in December at USD890/t, agreed in July.
According to the source, they now focus on Chinese domestic market. The selling price to Inner Mongolia is around RMB6,800/t (USD987/t) DDP, and they just signed a 3,000t-contract last month.
The plant is running fully at the capacity of 40,000tpy and holds around 2,000t in stock.
A trader in China confirmed that they did not conclude a new deal recently in the export market, as the price is very low. “In addition, overseas buyers are also watching Chinese market and cannot decide if they will buy the material from China until next February,” said the source, who offered around USD960/t FOB China early this month.
The trader pointed out that Chinese export prices are not competitive compared with other countries including Italy and Tunisia. Therefore, the export market will continue to face great challenge next year.
They once exported around 3,000t of aluminum fluoride at USD880-890/t FOB China in Q2 and hold no stock now.
Aluminum Fluoride 61%min EXW China
Unit:RMB/mt
China aluminum fluoride producers' inventory statistics by province by month
Unit: mt
