Chinese white fused alumina exporters keep prices steady
2023-03-20 08:33:48 [Print]
BEIJING (Asian Metal) 20 Mar 23 – Supported by the firm domestic prices, most exporters kept their prices stable in the past week despite the weak overseas demand. As a result, the present prevailing export prices of Chinese white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max stand at USD650-670/t Ex-VAT FOB China, on par with early this week. In view of the steady domestic prices, most exporters predict to keep their prices steady. Consequently, insiders believe that the prevailing export prices of Chinese white fused alumina would keep steady in the following week.
A trader in Henan kept their export quotation for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.4%max SiO2 0.1%max steady from early this week at USD650/t Ex-VAT FOB China and could accept a counteroffer as much as USD10/t. The trader disclosed, "We concluded our last deal yesterday when we sold about 40t to a Japanese client at around USD650/t". Though they believe that the market demand stays weak, they still consider to hold their current price in consideration of the firm domestic prices and they predict that the prevailing export prices of Chinese white fused alumina would keep stable in the week to come.
Based on a regular monthly trading volume of 400t, they exported about 300t in February, and expect same volume this month. Currently they have no stock.
Another exporter in Henan revealed, "We kept our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max unchanged from early this week at USD650/t Ex-VAT FOB China and could not give any discount". They closed their last deal this Monday when they sold about 120t to a Japanese client at around USD650/t. Given that their domestic suppliers refused to give concessions, they decide to insist on their price and predict that the prevailing export prices of Chinese white fused alumina would stay steady in the upcoming week.
The trader, with a typical monthly trading volume of 500t, expected to export about 500t this month, compared to about 400t in February. They have no inventory currently.
A trader in Henan kept their export quotation for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.4%max SiO2 0.1%max steady from early this week at USD650/t Ex-VAT FOB China and could accept a counteroffer as much as USD10/t. The trader disclosed, "We concluded our last deal yesterday when we sold about 40t to a Japanese client at around USD650/t". Though they believe that the market demand stays weak, they still consider to hold their current price in consideration of the firm domestic prices and they predict that the prevailing export prices of Chinese white fused alumina would keep stable in the week to come.
Based on a regular monthly trading volume of 400t, they exported about 300t in February, and expect same volume this month. Currently they have no stock.
Another exporter in Henan revealed, "We kept our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max unchanged from early this week at USD650/t Ex-VAT FOB China and could not give any discount". They closed their last deal this Monday when they sold about 120t to a Japanese client at around USD650/t. Given that their domestic suppliers refused to give concessions, they decide to insist on their price and predict that the prevailing export prices of Chinese white fused alumina would stay steady in the upcoming week.
The trader, with a typical monthly trading volume of 500t, expected to export about 500t this month, compared to about 400t in February. They have no inventory currently.
