Chinese HC ferrochrome suppliers hold watchful attitudes
2023-03-17 07:49:13 [Print]
BEIJING (Asian Metal) 17 Mar 23 – Most suppliers hold watchful and prefer to wait for the purchase prices of steel mills. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB9,100-9,300/t (USD1,318-1,347/t) EXW D/P, in line with early this week. Insiders hold wait and see attitudes and predict the mainstream prices would keep flat in the coming week as most suppliers prefer to wait for the purchase prices of steel mills.
A trader from North China mentioned that we hold watchful attitudes and would wait for the purchase prices of steel mills. "We quote RMB9,200/t (USD1,333/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,100/t (USD1,319/t) at present, unchanged from early this week", adding the trader. They received the inquiries this week, but they refused because customers wanted to purchase at RMB8,900-9,000/t (USD1,290-1,304/t) EXW D/P. They last sold around 60t at RMB9,400/t (USD1,362/t) EXW D/P in early March. They have no plan to change their price and predict the mainstream prices would keep unchanged in the following week.
The trader, based on a regular monthly trading volume of around 2,400t of HC ferrochrome Cr52%min C8%max, predicts to sell around 2,400t in March, unchanged from last month. They have around 100t of inventory at the moment.
A trader from South China disclosed, "We hold watchful attitudes and predict the mainstream prices would keep flat in the coming week". They offer RMB9,400/t (USD1,362/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could not accept any prices lower than RMB9,350/t (USD1,362/t) at present, in line with early this week. They last sold around 30t at RMB9,350/t (USD1,362/t) early this week. They have no plan to change their price in the coming week and prefer to wait for the purchase prices of steel mills in April.
The trader, based on a regular monthly trading volume of around 500t of HC ferrochrome Cr52%min C8%max, estimates to sell around 500t in March, unchanged from last month. They have around 60t of stocks at present.
A trader from North China mentioned that we hold watchful attitudes and would wait for the purchase prices of steel mills. "We quote RMB9,200/t (USD1,333/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,100/t (USD1,319/t) at present, unchanged from early this week", adding the trader. They received the inquiries this week, but they refused because customers wanted to purchase at RMB8,900-9,000/t (USD1,290-1,304/t) EXW D/P. They last sold around 60t at RMB9,400/t (USD1,362/t) EXW D/P in early March. They have no plan to change their price and predict the mainstream prices would keep unchanged in the following week.
The trader, based on a regular monthly trading volume of around 2,400t of HC ferrochrome Cr52%min C8%max, predicts to sell around 2,400t in March, unchanged from last month. They have around 100t of inventory at the moment.
A trader from South China disclosed, "We hold watchful attitudes and predict the mainstream prices would keep flat in the coming week". They offer RMB9,400/t (USD1,362/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could not accept any prices lower than RMB9,350/t (USD1,362/t) at present, in line with early this week. They last sold around 30t at RMB9,350/t (USD1,362/t) early this week. They have no plan to change their price in the coming week and prefer to wait for the purchase prices of steel mills in April.
The trader, based on a regular monthly trading volume of around 500t of HC ferrochrome Cr52%min C8%max, estimates to sell around 500t in March, unchanged from last month. They have around 60t of stocks at present.
