Chinese brown fused alumina export market sees recovering demand
2023-03-17 09:37:19 [Print]
BEIJING (Asian Metal) 17 Mar 23 – Most exporters saw recovering demand from overseas buyers since early March. However, they kept their prices stable this week considering that the demand stayed in low position. Hence, the present prevailing export prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max stand at USD710-730/t Ex-VAT FOB China, on par with early this week. As most exporters prefer to hold their prices steady considering the firm domestic market prices, insiders predict that the prevailing export prices of Chinese brown fused alumina would stay steady in the coming week.
A trader in Henan disclosed, "We expected an sales increase of almost 50t this month due to recovering demand, while we only exported about 100t in February". Nonetheless, given the soft market demand, they held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max stable from early this week at USD730/t Ex-VAT FOB China with a counteroffer as much as USD10/t. They closed their last deal last Friday when they sold about 60t at around USD720/t. Despite the soft demand from overseas market, they prefer to keep their price unchanged given the high domestic market prices and believe that the prevailing export prices of Chinese brown fused alumina would remain stable in the week to come.
The trader, with a typical monthly trading volume of 200t, expected to export around 150t in March, compared to about 100t in February. They have no inventory at present.
Another trader in Qingdao expected to export about 300t in March owing to the recovering demand from overseas market, while they exported around 180t in February. They quoted USD720/t Ex-VAT FOB China for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max with no counteroffer, on par with early this week. "Our last deal dated back to early this week when we sold about 120t to a regular client at around USD720/t", the trader disclosed. Although they expected a sales increase of nearly 120t this month, they still intend to hold their quotation firm because the buyers' demand stays in low position. They believe that the prevailing export prices of Chinese brown fused alumina would keep stable in the upcoming week.
Based on a regular monthly trading volume of 300t, they predicted to export about 300t in March, compared to about 180t last month. Currently they have no stock.
A trader in Henan disclosed, "We expected an sales increase of almost 50t this month due to recovering demand, while we only exported about 100t in February". Nonetheless, given the soft market demand, they held their price for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.2%max stable from early this week at USD730/t Ex-VAT FOB China with a counteroffer as much as USD10/t. They closed their last deal last Friday when they sold about 60t at around USD720/t. Despite the soft demand from overseas market, they prefer to keep their price unchanged given the high domestic market prices and believe that the prevailing export prices of Chinese brown fused alumina would remain stable in the week to come.
The trader, with a typical monthly trading volume of 200t, expected to export around 150t in March, compared to about 100t in February. They have no inventory at present.
Another trader in Qingdao expected to export about 300t in March owing to the recovering demand from overseas market, while they exported around 180t in February. They quoted USD720/t Ex-VAT FOB China for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max with no counteroffer, on par with early this week. "Our last deal dated back to early this week when we sold about 120t to a regular client at around USD720/t", the trader disclosed. Although they expected a sales increase of nearly 120t this month, they still intend to hold their quotation firm because the buyers' demand stays in low position. They believe that the prevailing export prices of Chinese brown fused alumina would keep stable in the upcoming week.
Based on a regular monthly trading volume of 300t, they predicted to export about 300t in March, compared to about 180t last month. Currently they have no stock.
