Chinese LC ferrochrome export price decreases
2023-03-07 08:35:10 [Print]
BEIJING (Asian Metal) 7 Mar 23 – Most suppliers hold pessimistic attitudes towards the market demand and decreased their prices from late last week. Currently, the mainstream export prices for LC ferrochrome Cr60%min C0.1%max stand at USD2.54-2.56/Ib Cr FOB China, down by USD0.02/Ib Cr from late last week. Insiders predict the mainstream prices would move down in the coming week as most suppliers hold pessimistic attitudes towards the market demand.
A trader from North China mentioned, "We offer USD2.53/Ib Cr FOB China for LC ferrochrome Cr60%min C0.1%max with no counteroffer at present, while we quoted USD2.55/Ib Cr FOB China late last week". They explained that they decreased their price due to the weak market demand and they did not conclude any deal at USD2.55/Ib Cr last week. They last sold around 50t at USD2.60/Ib Cr in mid February. They hold pessimistic attitudes and predict the mainstream prices would move down in the following week, and they might move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 200t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 200t in March, unchanged from last month. They have no stock at the moment.
A trader from South China disclosed, "We quote USD2.55/Ib Cr FOB China for LC ferrochrome Cr60%min C0.1%max with no concession at the moment, while we offered USD2.57/Ib Cr FOB China late last week". They feel the market still shows weak demand at the moment, so they decreased their price from late last week. They did not receive any inquiry so far this week and last sold around 20t at USD2.59/Ib Cr in late February. They hold negative attitudes towards the market prices and plan to decrease their price in the coming week, and they predict the mainstream prices would move down in the following week.
The trader, based on a regular monthly trading volume of around 100t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 100t in March, while they only sold around 20t in February. They have no stock at present.
A trader from North China mentioned, "We offer USD2.53/Ib Cr FOB China for LC ferrochrome Cr60%min C0.1%max with no counteroffer at present, while we quoted USD2.55/Ib Cr FOB China late last week". They explained that they decreased their price due to the weak market demand and they did not conclude any deal at USD2.55/Ib Cr last week. They last sold around 50t at USD2.60/Ib Cr in mid February. They hold pessimistic attitudes and predict the mainstream prices would move down in the following week, and they might move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 200t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 200t in March, unchanged from last month. They have no stock at the moment.
A trader from South China disclosed, "We quote USD2.55/Ib Cr FOB China for LC ferrochrome Cr60%min C0.1%max with no concession at the moment, while we offered USD2.57/Ib Cr FOB China late last week". They feel the market still shows weak demand at the moment, so they decreased their price from late last week. They did not receive any inquiry so far this week and last sold around 20t at USD2.59/Ib Cr in late February. They hold negative attitudes towards the market prices and plan to decrease their price in the coming week, and they predict the mainstream prices would move down in the following week.
The trader, based on a regular monthly trading volume of around 100t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 100t in March, while they only sold around 20t in February. They have no stock at present.
