Chinese ferrosilicon export prices flat
2023-03-21 08:29:25 [Print]
BEIJING (Asian Metal) 21 Mar 23 - Upon the stable prices in China, the current mainstream export prices of ferrosilicon 72%min 10-50mm hover at USD1,440-1,470/t Ex-VAT FOB China, unchanged from late last week. Given the sluggish overseas demand, insiders foresee the mainstream export prices of Chinese ferrosilicon 72%min 10-50mm would go soft this week.
A trader in North China revealed that his current offer for ferrosilicon 72%min 10-50mm stands at USD1,470/t Ex-VAT FOB China with the discount of USD20/t at most for firm bids, and he sold 50t at USD1,450/t on Monday, and he insisted on the same price last Friday. "Most producers hold prices stable at around RMB7,800/t (USD1,130/t) EXW D/P, and I couldn't mark price down at the moment upon the stable exchange currency," revealed the trader on Monday. He added that oversea inquiries shrank obviously in March against February, and he predicts the mainstream export prices of ferrosilicon 72%min 10-50mm would turn soft this week upon the gloomy overseas market.
The trader, with a regular monthly exporting volume of 300t, plans to export about 150t in March, down by about 100t from last month, holding no stocks.
A procurement person of a Thailand foundry based in China disclosed that he usually could purchase 300-400t of ferrosilicon every month but expects to purchase only 100t at most in March upon their decreased consumption. "The current offer for 50t of ferrosilicon 72%min 10-50mm from a trader at USD1,470/t Ex-VAT FOB China with the discount of USD10/t at most, while I prefer to wait for a few days, and I last purchased 50t at USD1,460/t last Thursday from the supplier," revealed the purchaser on Monday. He added that Chinese exporters hold prices stable this week due to the stable prices in China and relatively stable exchange currency, but he foresees the mainstream export prices of Chinese ferrosilicon 72%min 10-50mm would go soft next week dampened by the sluggish overseas demand.
The purchaser, with a regular monthly purchase volume of 400t, plans to purchase about 100t in March at most, down by about 100t from last month, having no stocks.
A trader in North China revealed that his current offer for ferrosilicon 72%min 10-50mm stands at USD1,470/t Ex-VAT FOB China with the discount of USD20/t at most for firm bids, and he sold 50t at USD1,450/t on Monday, and he insisted on the same price last Friday. "Most producers hold prices stable at around RMB7,800/t (USD1,130/t) EXW D/P, and I couldn't mark price down at the moment upon the stable exchange currency," revealed the trader on Monday. He added that oversea inquiries shrank obviously in March against February, and he predicts the mainstream export prices of ferrosilicon 72%min 10-50mm would turn soft this week upon the gloomy overseas market.
The trader, with a regular monthly exporting volume of 300t, plans to export about 150t in March, down by about 100t from last month, holding no stocks.
A procurement person of a Thailand foundry based in China disclosed that he usually could purchase 300-400t of ferrosilicon every month but expects to purchase only 100t at most in March upon their decreased consumption. "The current offer for 50t of ferrosilicon 72%min 10-50mm from a trader at USD1,470/t Ex-VAT FOB China with the discount of USD10/t at most, while I prefer to wait for a few days, and I last purchased 50t at USD1,460/t last Thursday from the supplier," revealed the purchaser on Monday. He added that Chinese exporters hold prices stable this week due to the stable prices in China and relatively stable exchange currency, but he foresees the mainstream export prices of Chinese ferrosilicon 72%min 10-50mm would go soft next week dampened by the sluggish overseas demand.
The purchaser, with a regular monthly purchase volume of 400t, plans to purchase about 100t in March at most, down by about 100t from last month, having no stocks.
