Chinese HC ferrochrome prices decrease
2023-03-07 08:34:26 [Print]
BEIJING (Asian Metal) 7 Mar 23 – Most suppliers hold pessimistic attitudes towards the market demand and decreased their prices since late last week. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max Si5%max stand at RMB9,100-9,300/t (USD1,313-1,342/t) EXW D/P, down by RMB50-100/t (USD7.21-14.43/t) from late last week. Insiders predict the mainstream prices would decrease in the coming week as most suppliers hold pessimistic attitudes.
A trader from North China mentioned, "We quote RMB9,300/t (USD1,342/t) EXW D/P for HC ferrochrome Cr52%min C8%max Si5%max and could accept the price as low as RMB9,200/t (USD1,327/t) at present, while we offered RMB9,400/t (USD1,356/t) EXW D/P and could accept the price as low as RMB9,300/t (USD1,342/t) last week". They explained that they decreased their price because they hold pessimistic attitude towards the market demand. They last sold around 60t at RMB9,300/t (USD1,342/t) EXW D/P early last week. They predict the mainstream prices would move down and plan to move down their price as well.
The trader, based on a regular monthly trading volume of around 200t of HC ferrochrome Cr52%min C8%max, predicts to sell around 200t in March, unchanged from last month. They have no stock at present.
A trader from South China disclosed, "We offer RMB9,300/t (USD1,341/t) EXW D/P for HC ferrochrome Cr52%min C8%max Si2.5%max and could not accept any prices lower than RMB9,200/t (USD1,327/t) at present, down by RMB50/t (USD7.21/t) from late last week". They did not receive any inquiry so far this week and last sold around 5t at RMB9,250/t (USD1,334/t) mid last week. They estimate the mainstream prices would decrease in the following week and predict the mainstream prices would move down in the coming week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max Si2.5%max, predicts to sell around 60t in March, unchanged from last month. They have around 15t of stocks at the moment.
A trader from North China mentioned, "We quote RMB9,300/t (USD1,342/t) EXW D/P for HC ferrochrome Cr52%min C8%max Si5%max and could accept the price as low as RMB9,200/t (USD1,327/t) at present, while we offered RMB9,400/t (USD1,356/t) EXW D/P and could accept the price as low as RMB9,300/t (USD1,342/t) last week". They explained that they decreased their price because they hold pessimistic attitude towards the market demand. They last sold around 60t at RMB9,300/t (USD1,342/t) EXW D/P early last week. They predict the mainstream prices would move down and plan to move down their price as well.
The trader, based on a regular monthly trading volume of around 200t of HC ferrochrome Cr52%min C8%max, predicts to sell around 200t in March, unchanged from last month. They have no stock at present.
A trader from South China disclosed, "We offer RMB9,300/t (USD1,341/t) EXW D/P for HC ferrochrome Cr52%min C8%max Si2.5%max and could not accept any prices lower than RMB9,200/t (USD1,327/t) at present, down by RMB50/t (USD7.21/t) from late last week". They did not receive any inquiry so far this week and last sold around 5t at RMB9,250/t (USD1,334/t) mid last week. They estimate the mainstream prices would decrease in the following week and predict the mainstream prices would move down in the coming week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max Si2.5%max, predicts to sell around 60t in March, unchanged from last month. They have around 15t of stocks at the moment.
