Chinese HC ferrochrome suppliers hold pessimistic attitudes
2023-03-14 08:27:44 [Print]
BEIJING (Asian Metal) 14 Mar 23 – Most suppliers hold pessimistic attitudes towards the market demand. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB9,100-9,300/t (USD1,320-1,350/t) EXW D/P, down by RMB50-100/t (USD7.26-14.52/t) from late last week. Insiders predict the mainstream prices would decrease in the coming week due to the weak demand.
A trader from North China mentioned that they hold pessimistic attitudes and predict the mainstream prices might move down in the following week. "We quote RMB9,200/t (USD1,336/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,100/t (USD1,322/t) EXW D/P at present, down by RMB100/t (USD14.52/t) from late last week", adding the trader. They explained that they decreased their price due to the weak demand, as they did not receive any inquiry since last Thursday. Their customers hold watchful attitudes and would like to wait the prices to decrease. They last sold around 30t at RMB9,300/t (USD1,351/t) EXW D/P in two weeks ago. They might decrease their price in the coming 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 60t of stocks at the moment.
A trader from North China disclosed, "We hold pessimistic attitudes towards the market outlook due to the weak demand". They offer RMB9,150/t (USD1,327/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,100/t (USD1,320/t) EXW D/P at present, down by RMB50/t (USD7.25/t) from late last week. They last sold around 30t at RMB9,200/t (USD1,334/t) EXW D/P mid last week. They predict the mainstream prices would move down in the coming week and they might 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, estimates to sell about 200t in March, in line with February. They have about 60t of stocks at the moment.
A trader from North China mentioned that they hold pessimistic attitudes and predict the mainstream prices might move down in the following week. "We quote RMB9,200/t (USD1,336/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,100/t (USD1,322/t) EXW D/P at present, down by RMB100/t (USD14.52/t) from late last week", adding the trader. They explained that they decreased their price due to the weak demand, as they did not receive any inquiry since last Thursday. Their customers hold watchful attitudes and would like to wait the prices to decrease. They last sold around 30t at RMB9,300/t (USD1,351/t) EXW D/P in two weeks ago. They might decrease their price in the coming 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 60t of stocks at the moment.
A trader from North China disclosed, "We hold pessimistic attitudes towards the market outlook due to the weak demand". They offer RMB9,150/t (USD1,327/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,100/t (USD1,320/t) EXW D/P at present, down by RMB50/t (USD7.25/t) from late last week. They last sold around 30t at RMB9,200/t (USD1,334/t) EXW D/P mid last week. They predict the mainstream prices would move down in the coming week and they might 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, estimates to sell about 200t in March, in line with February. They have about 60t of stocks at the moment.
