Chinese HC ferrochrome suppliers hold watchful attitudes
2023-03-21 08:32:21 [Print]
BEIJING (Asian Metal) 21 Mar 23 – Most suppliers hold watchful attitudes and prefer to wait for the purchase prices of steel mill. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB9,000-9,200/t (USD1,307-1,337/t) EXW D/P, in line with late last week. Insiders predict the mainstream prices would keep flat within this week as most suppliers would like for the purchase prices of steel mills.
A trader from North China mentioned, "We hold watchful attitudes towards the market outlook and would like to wait for the purchase prices of steel mills in April". They received the inquiries this week and customers refused to purchase because the customers would wait till end of this month. They quote RMB9,100/t (USD1,322/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,050/t (USD1,315/t) at the moment, unchanged from late last week. They last sold around 30t at RMB9,200/t (USD1,337/t) EXW D/P in mid March. They have no plan to change their price and predict the mainstream prices would keep steady within this week.
The trader, based on a regular monthly trading volume of around 200t of HC ferrochrome Cr52%min C8%max, predicts to sell around 200t in March, unchanged from last month. They have around 100t of stocks at present.
A trader from South China disclosed, "We hold wait-and-see attitude and did not change our price from late last week". They offer RMB9,300/t (USD1,351/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,150/t (USD1,329/t) at the moment, in line with late last week. They did not receive any inquiry today and last sold around 30t at RMB9,200/t (USD1,337/t) EXW D/P in mid last week. They estimate the mainstream prices would keep flat within this 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 no stock at the moment.
A trader from North China mentioned, "We hold watchful attitudes towards the market outlook and would like to wait for the purchase prices of steel mills in April". They received the inquiries this week and customers refused to purchase because the customers would wait till end of this month. They quote RMB9,100/t (USD1,322/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,050/t (USD1,315/t) at the moment, unchanged from late last week. They last sold around 30t at RMB9,200/t (USD1,337/t) EXW D/P in mid March. They have no plan to change their price and predict the mainstream prices would keep steady within this week.
The trader, based on a regular monthly trading volume of around 200t of HC ferrochrome Cr52%min C8%max, predicts to sell around 200t in March, unchanged from last month. They have around 100t of stocks at present.
A trader from South China disclosed, "We hold wait-and-see attitude and did not change our price from late last week". They offer RMB9,300/t (USD1,351/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,150/t (USD1,329/t) at the moment, in line with late last week. They did not receive any inquiry today and last sold around 30t at RMB9,200/t (USD1,337/t) EXW D/P in mid last week. They estimate the mainstream prices would keep flat within this 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 no stock at the moment.
