Chinese ferrosilicon 72%min export prices stable
2023-03-16 08:35:31 [Print]
BEIJING (Asian Metal) 16 Mar 23 - In view of inactive market but firm domestic prices, most exporters held their prices unchanged today. Currently, the mainstream export prices of Chinese ferrosilicon 72%min 10-50mm stand flat from yesterday at USD,1460-1,490/t FOB China and USD1,410-1,440/t Ex-VAT FOB China respectively. Insiders believe that the mainstream export prices of Chinese ferrosilicon 72%min would remain stable within this week due to firm domestic prices.
A trader from Henan mentioned that they would like to export ferrosilicon 72%min 10-50mm at USD1,480/t FOB China without any counteroffer today. "We didn't close any deal today and last sold 60t at USD1,480/t last week when we insisted on this price", the trader revealed, adding that they only received two inquiries from last week while they received five to six inquiries weekly before March. They hold pessimistic attitude about the market for fewer inquiries but predict the mainstream prices would keep flat by the end of this week supported by firm domestic prices.
The trader, with a regular monthly export volume of 300t, expects to export about 200t in March, in line with last month. They don't have any inventory currently.
Another trader in Henan disclosed, "Our current offer for ferrosilicon 72%min 10-50mm stands at USD1,460/t Ex-VAT FOB China with a counteroffer as much as USD20/t. We stuck to this price from yesterday". They didn't close any deal today and last sold 100t at USD1,460/t late last week. As most suppliers held their price firm, they hold the view that the mainstream export price of Chinese ferrosilicon 72%min would weaken within this week.
Based on the typical export volume of 600t, the trader predicts to export around 200t in March, down by 300t from the previous month. They hold no stock currently.
A trader from Henan mentioned that they would like to export ferrosilicon 72%min 10-50mm at USD1,480/t FOB China without any counteroffer today. "We didn't close any deal today and last sold 60t at USD1,480/t last week when we insisted on this price", the trader revealed, adding that they only received two inquiries from last week while they received five to six inquiries weekly before March. They hold pessimistic attitude about the market for fewer inquiries but predict the mainstream prices would keep flat by the end of this week supported by firm domestic prices.
The trader, with a regular monthly export volume of 300t, expects to export about 200t in March, in line with last month. They don't have any inventory currently.
Another trader in Henan disclosed, "Our current offer for ferrosilicon 72%min 10-50mm stands at USD1,460/t Ex-VAT FOB China with a counteroffer as much as USD20/t. We stuck to this price from yesterday". They didn't close any deal today and last sold 100t at USD1,460/t late last week. As most suppliers held their price firm, they hold the view that the mainstream export price of Chinese ferrosilicon 72%min would weaken within this week.
Based on the typical export volume of 600t, the trader predicts to export around 200t in March, down by 300t from the previous month. They hold no stock currently.
