Chinese white fused alumina exporters hold bearish attitude
2023-03-03 08:35:35 [Print]
BEIJING (Asian Metal) 3 Mar 23 - Given the stable prices in domestic market, the Chinese white fused alumina traders insisted on their prices in the past week. However, considering the weak market demand, most exporters held bearish attitude towards the market next week. Hence, the current mainstream export prices of white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max stand at USD640-660/t Ex-VAT FOB China, in line with early this week. Considering the bearish attitude of the market, insiders believe the export prices of Chinese white fused alumina would move down in the coming week.
A trader in Tianjin revealed they currently hold the price of white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max firm at USD660/t Ex-VAT FOB China with no concession since early this week. "We closed our last deal in mid-February when we sold about 120t at USD660/t Ex-VAT FOB China," the trader revealed, adding that they only closed one deal in the past month, while they sold over 200t in January. Given the weak market demand, they consider lowering the price to compete for orders and estimate that the export prices of Chinese white fused alumina would move down by in the coming week.
The trader, with a regular monthly trading volume of 300t, exported around 160t in February, compared to about 200t in January due to the weak overseas market. They have no inventory presently.
A trader in Henan revealed, "We quoted USD650/t Ex-VAT FOB China for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max at present with no discount, on par with early this week." The trader mentioned that they last sold about 80t late last week at USD650/t Ex-VAT FOB China. Considering the weak overseas demand, they prefer to cut the price to boost sales and predict the export prices of Chinese white fused alumina would decrease in the coming week.
With a regular monthly trading volume of 200t of white fused alumina, the trader exported around 120t in February, down by about 80t from January. They are holding no stocks now.
A trader in Tianjin revealed they currently hold the price of white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max firm at USD660/t Ex-VAT FOB China with no concession since early this week. "We closed our last deal in mid-February when we sold about 120t at USD660/t Ex-VAT FOB China," the trader revealed, adding that they only closed one deal in the past month, while they sold over 200t in January. Given the weak market demand, they consider lowering the price to compete for orders and estimate that the export prices of Chinese white fused alumina would move down by in the coming week.
The trader, with a regular monthly trading volume of 300t, exported around 160t in February, compared to about 200t in January due to the weak overseas market. They have no inventory presently.
A trader in Henan revealed, "We quoted USD650/t Ex-VAT FOB China for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max at present with no discount, on par with early this week." The trader mentioned that they last sold about 80t late last week at USD650/t Ex-VAT FOB China. Considering the weak overseas demand, they prefer to cut the price to boost sales and predict the export prices of Chinese white fused alumina would decrease in the coming week.
With a regular monthly trading volume of 200t of white fused alumina, the trader exported around 120t in February, down by about 80t from January. They are holding no stocks now.
