South Korea black silicon carbide import market sees steady prices
2023-03-22 13:37:34 [Print]
BEIJING (Asian Metal) 22 Mar 23 - As most Chinese exporters kept the prices firm, the South Korean traders of black silicon carbide held the prices steady this week. Hence, the current mainstream prices of black silicon carbide 88%min 1-10mm Fe2O3 3%max free C 2.6%max in South Korea stay at USD1,090-1,110/t CIF Busan, on par with late last week. Given that Chinese exporters prefer to keep their prices stable, insiders believe that the import prices of black silicon carbide in South Korean market would keep steady in the upcoming week.
"We hold the price of black silicon carbide 88%min 1-10mm Fe2O3 3%max free C 2.6%max unchanged from late last week at USD1090/t CIF Busan and could not give any concessions. We received no orders this week so far and closed our last deal last Thursday when we sold around 20t at USD1,090/t CIF Busan with a freight about USD5/t," a trader in South Korea disclosed. Given the firm prices from their Chinese suppliers, they predict to keep their price stable and hold the view that the prices of black silicon carbide in South Korea would stay steady in the forthcoming week.
The trader, with a regular monthly trading volume of 80t, expects to sell around 80t in March, unchanged MoM. They have no stocks at the moment.
Another trader in South Korea confirmed that they offer USD1,110/t CIF Busan for black silicon carbide 90%min 1-10mm Fe2O3 2%max free C 1.5%max and they could accept no counteroffer. "We last sold about 40t at USD1,110/t CIF Busan about a week ago and have no orders this week so far", the trader revealed, adding that in consideration of the stable prices from their Chinese suppliers, they have to hold the price firm and hold the belief that the import prices of black silicon carbide in South Korea would remain flat in the upcoming week.
Based on a typical monthly trading volume of 80t, the trader expects to sell around 80t in March, compared to around 60t last month. They have no stocks at the moment.
"We hold the price of black silicon carbide 88%min 1-10mm Fe2O3 3%max free C 2.6%max unchanged from late last week at USD1090/t CIF Busan and could not give any concessions. We received no orders this week so far and closed our last deal last Thursday when we sold around 20t at USD1,090/t CIF Busan with a freight about USD5/t," a trader in South Korea disclosed. Given the firm prices from their Chinese suppliers, they predict to keep their price stable and hold the view that the prices of black silicon carbide in South Korea would stay steady in the forthcoming week.
The trader, with a regular monthly trading volume of 80t, expects to sell around 80t in March, unchanged MoM. They have no stocks at the moment.
Another trader in South Korea confirmed that they offer USD1,110/t CIF Busan for black silicon carbide 90%min 1-10mm Fe2O3 2%max free C 1.5%max and they could accept no counteroffer. "We last sold about 40t at USD1,110/t CIF Busan about a week ago and have no orders this week so far", the trader revealed, adding that in consideration of the stable prices from their Chinese suppliers, they have to hold the price firm and hold the belief that the import prices of black silicon carbide in South Korea would remain flat in the upcoming week.
Based on a typical monthly trading volume of 80t, the trader expects to sell around 80t in March, compared to around 60t last month. They have no stocks at the moment.
