Chinese LC ferrochrome prices flat
2023-03-17 07:49:09 [Print]
BEIJING (Asian Metal) 17 Mar 23 – Most suppliers hold watchful attitudes and did not change their price from early this week
A trader from North China disclosed, "We offer RMB15,000/t (USD2,174/t) EXW D/P for LC ferrochrome Cr60%min C0.1%max with no counteroffer at the moment, unchanged from early this week". They did not receive any inquiry today and last sold around 5t at RMB15,000/t (USD2,174/t) EXW D/P early this week . They complained the market shows weak demand in the recent two weeks . They did not want to replenish stocks and they only consider to do the back to back trading business . They have no intention to adjust their price and estimate the mainstream prices would keep steady in the coming week.
The trader, based on a regular monthly trading volume of around 30t of LC ferrochrome Cr60%min C0.1%max, expects to sell around 30t in March, unchanged from February . They have no stock at present.
A trader from South China mentioned, "We quote RMB15,100/t (USD2,189/t) EXW D/P for LC ferrochrome Cr60%min C0.1%max with no concession at present, in line with early this week". They did not conclude any deal today and last sold around 20t at RMB15,100/t (USD2,189/t) EXW D/P early this week . They have no plan to change their price and predict the mainstream prices would keep flat in the following week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max, predicts to sell around 60t in March, unchanged from last month. They have around 30t of stocks at the moment.
. Currently, the mainstream prices for Chinese LC ferrochrome Cr60%min C0.1%max stand at RMB14,800-15,000/t (USD2,145-2,174/t) EXW D/P, unchanged from early this week . Insiders estimate the mainstream prices would keep flat in the following week as most suppliers would like to hold their prices unchanged.
A trader from North China disclosed, "We offer RMB15,000/t (USD2,174/t) EXW D/P for LC ferrochrome Cr60%min C0.1%max with no counteroffer at the moment, unchanged from early this week". They did not receive any inquiry today and last sold around 5t at RMB15,000/t (USD2,174/t) EXW D/P early this week . They complained the market shows weak demand in the recent two weeks . They did not want to replenish stocks and they only consider to do the back to back trading business . They have no intention to adjust their price and estimate the mainstream prices would keep steady in the coming week.
The trader, based on a regular monthly trading volume of around 30t of LC ferrochrome Cr60%min C0.1%max, expects to sell around 30t in March, unchanged from February . They have no stock at present.
A trader from South China mentioned, "We quote RMB15,100/t (USD2,189/t) EXW D/P for LC ferrochrome Cr60%min C0.1%max with no concession at present, in line with early this week". They did not conclude any deal today and last sold around 20t at RMB15,100/t (USD2,189/t) EXW D/P early this week . They have no plan to change their price and predict the mainstream prices would keep flat in the following week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max, predicts to sell around 60t in March, unchanged from last month. They have around 30t of stocks at the moment.