Chinese LC ferrochrome export suppliers hold pessimistic attitudes
2023-03-09 08:30:31 [Print]
BEIJING (Asian Metal) 9 Mar 23 – Most suppliers hold pessimistic attitudes towards the weak market demand
A trader from North China mentioned that we hold pessimistic attitudes and predict the mainstream prices would move down in the following week. "We quote USD2.46/Ib Cr FOB China for LC ferrochrome Cr60%min C0 . 1%max with no concession at present, unchanged from early this week, " adding the trader . They received the inquiries this week, but the customers refused to purchase because the customers predict the mainstream prices would move down in the following week . They last sold around 27t at USD2.50/Ib Cr in late February . They might move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 300t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 300t in March, unchanged from last month . They have no stock at the moment.
A trader from North China disclosed, "We hold negative attitudes and estimate the mainstream prices would decrease in the coming week due to the weak demand". They quote USD2.45/Ib Cr for LC ferrochrome Cr60%min C0 . 1%max with no counteroffer at the moment, in line with early this week . They did not conclude any order this week because customers hold watchful attitudes and predict the prices to decrease further . They last sold around 27t at USD2.45/Ib Cr on last Friday . They might move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 50t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 50t in March, unchanged from last month . They have no stock at the moment.
. Currently, the mainstream export prices for LC ferrochrome Cr60%min C0 . 1%max stand at USD2 . 52-2.54/Ib Cr FOB China, unchanged from early this week . Insiders hold pessimistic attitudes and predict the mainstream prices would decrease in the coming week due to the weak demand.
A trader from North China mentioned that we hold pessimistic attitudes and predict the mainstream prices would move down in the following week. "We quote USD2.46/Ib Cr FOB China for LC ferrochrome Cr60%min C0 . 1%max with no concession at present, unchanged from early this week, " adding the trader . They received the inquiries this week, but the customers refused to purchase because the customers predict the mainstream prices would move down in the following week . They last sold around 27t at USD2.50/Ib Cr in late February . They might move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 300t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 300t in March, unchanged from last month . They have no stock at the moment.
A trader from North China disclosed, "We hold negative attitudes and estimate the mainstream prices would decrease in the coming week due to the weak demand". They quote USD2.45/Ib Cr for LC ferrochrome Cr60%min C0 . 1%max with no counteroffer at the moment, in line with early this week . They did not conclude any order this week because customers hold watchful attitudes and predict the prices to decrease further . They last sold around 27t at USD2.45/Ib Cr on last Friday . They might move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 50t of LC ferrochrome Cr60%min C0.1%max, predicts to sell around 50t in March, unchanged from last month . They have no stock at the moment.