Chinese HC ferrochrome prices unchanged
2023-03-08 08:31:20 [Print]
BEIJING (Asian Metal) 8 Mar 23 – Most suppliers keep their prices unchanged from early this week. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max Si5%max stand at RMB9,150-9,350/t (USD1,319-1,348/t) EXW D/P, unchanged from early this week
A producer from South China disclosed, "We quote RMB9,300/t (USD1,341/t) EXW D/P for HC ferrochrome Cr52%min C8%max Si5%max and could accept the price as low as RMB9,200/t (USD1,326/t) EXW D/P at present, unchanged from early this week". They did not conclude any deal so far this week and last sold around 60t at RMB9,200/t (USD1,326/t) EXW D/P early this week . They have no plan to change their price in the coming week and predict the mainstream prices would keep unchanged in the following week.
The producer, with an annual production capacity of 30,000t of HC ferrochrome Cr52%min C8%max, stopped their production since January 2023 due to the weak demand. They hold no stock at present and only consider to do the back to back trading business.
A trader from South China mentioned, "We offer RMB9,900/t (USD1,427/t) delivered D/P with the delivery freight of RMB100/t (USD14.42/t) for HC ferrochrome Cr52%min C8%max Si1 . 5%max with no concession at present, in line with early this week". They did not receive any inquiry today and last sold around 5t at RMB9,900/t (USD1,427/t) early this week . They have no intention to adjust their price and estimate their mainstream prices would keep flat in the following week.
The trader, based on a regular monthly trading volume of around 100t of HC ferrochrome Cr52%min C8%max, predicts to sell around 100t in March, unchanged from last month. They have around 90t of stocks at present.
. Insiders predict the mainstream prices would keep unchanged in the coming week as most suppliers have no plan to change their prices.
A producer from South China disclosed, "We quote RMB9,300/t (USD1,341/t) EXW D/P for HC ferrochrome Cr52%min C8%max Si5%max and could accept the price as low as RMB9,200/t (USD1,326/t) EXW D/P at present, unchanged from early this week". They did not conclude any deal so far this week and last sold around 60t at RMB9,200/t (USD1,326/t) EXW D/P early this week . They have no plan to change their price in the coming week and predict the mainstream prices would keep unchanged in the following week.
The producer, with an annual production capacity of 30,000t of HC ferrochrome Cr52%min C8%max, stopped their production since January 2023 due to the weak demand. They hold no stock at present and only consider to do the back to back trading business.
A trader from South China mentioned, "We offer RMB9,900/t (USD1,427/t) delivered D/P with the delivery freight of RMB100/t (USD14.42/t) for HC ferrochrome Cr52%min C8%max Si1 . 5%max with no concession at present, in line with early this week". They did not receive any inquiry today and last sold around 5t at RMB9,900/t (USD1,427/t) early this week . They have no intention to adjust their price and estimate their mainstream prices would keep flat in the following week.
The trader, based on a regular monthly trading volume of around 100t of HC ferrochrome Cr52%min C8%max, predicts to sell around 100t in March, unchanged from last month. They have around 90t of stocks at present.