Chinese brown fused alumina exporters see weak demand
2023-03-03 08:35:25 [Print]
BEIJING (Asian Metal) 3 Mar 23 – Most exporters saw weak demand from overseas buyers since mid-February owing to the sluggish overseas market. However, they held their prices unchanged this week supported by the stable domestic prices. Hence, the present mainstream export prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at USD710-730/t Ex-VAT FOB China, in line with early this week. Despite the appreciating US dollars against Chinese Yuan, most exporters prefer to stick to their prices considering the high domestic market prices, insiders believe that the prevailing export prices of Chinese brown fused alumina would keep steady in the coming week.
A trader in Henan disclosed, "We exported about only 80t in February due to shrinking demand, while we exported about 180t in January". Nevertheless, given the stable domestic prices, they held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stable from early this week at USD730/t Ex-VAT FOB China and made no counteroffer. They last sold about 20t to a regular client at around USD730/t a week ago. Despite the sluggish demand from overseas market, they made up their mind to keep their price steady in light of the steady domestic market prices and expect that the prevailing export prices of Chinese brown fused alumina would keep steady in the week to come.
The trader, with a typical monthly trading volume of 200t, exported around only 80t in February, compared to about 180t in January owing to the weak overseas market. They have no inventory presently.
Another trader in Henan exported around 160t in February owing to sluggish demand from overseas buyers and that's their only deal, while they exported about 200t in January. They quoted USD720/t Ex-VAT FOB China for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max and accepted no counteroffer, on par with early this week. "Our only deal in the previous month dated back to early this week when we sold about 160t to a regular client at around USD720/t", the trader disclosed. Though they only closed one order this month, they still decided to hold their price given that their domestic suppliers refused to make concessions. They believe that the prevailing export prices of Chinese brown fused alumina would stay stable in the coming week.
Based on a regular monthly trading volume of 300t, they exported about 160t in February, down by almost 40t from February. They have no stock right now.
A trader in Henan disclosed, "We exported about only 80t in February due to shrinking demand, while we exported about 180t in January". Nevertheless, given the stable domestic prices, they held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stable from early this week at USD730/t Ex-VAT FOB China and made no counteroffer. They last sold about 20t to a regular client at around USD730/t a week ago. Despite the sluggish demand from overseas market, they made up their mind to keep their price steady in light of the steady domestic market prices and expect that the prevailing export prices of Chinese brown fused alumina would keep steady in the week to come.
The trader, with a typical monthly trading volume of 200t, exported around only 80t in February, compared to about 180t in January owing to the weak overseas market. They have no inventory presently.
Another trader in Henan exported around 160t in February owing to sluggish demand from overseas buyers and that's their only deal, while they exported about 200t in January. They quoted USD720/t Ex-VAT FOB China for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max and accepted no counteroffer, on par with early this week. "Our only deal in the previous month dated back to early this week when we sold about 160t to a regular client at around USD720/t", the trader disclosed. Though they only closed one order this month, they still decided to hold their price given that their domestic suppliers refused to make concessions. They believe that the prevailing export prices of Chinese brown fused alumina would stay stable in the coming week.
Based on a regular monthly trading volume of 300t, they exported about 160t in February, down by almost 40t from February. They have no stock right now.
