Chinese ferrosilicon 75%min export prices stable
2023-03-23 08:31:47 [Print]
BEIJING (Asian Metal) 23 Mar 23 - In spite of more inquiries, most suppliers held their prices unchanged given scarce firm bids and firm domestic prices. Therefore, the current mainstream export prices of Chinese ferrosilicon 75%min 10-50mm stand flat at USD1,520-1,550/t Ex-VAT FOB China from early this week
A trader from Henan mentioned that their current offer for ferrosilicon 75%min 10-50mm stood at USD1,565/t Ex-VAT FOB China and they would consider a concession as much as USD20/t today. "We didn't close any deal today and last sold 50t at USD1,590/t CIF Malaysia with a freight of USD30/t early last week. We insisted on USD1,545/t FOB from early this week", the trader revealed, adding that they received around four to five inquiries this week till now while they only received one or two inquiries weekly a weeks ago . The trader felt the market turned more active due to more inquiries and believes the mainstream prices of Chinese ferrosilicon 75%min would remain stable by the end of this week for limited deals and flat domestic prices.
The trader, with a regular monthly exporting volume of 200t, expects to export about 100t in March, in line with last month. They hold no inventory currently.
Another trader in Henan disclosed, "We would like to export ferrosilicon 75%min 10-50mm at USD1,540/t Ex-VAT FOB China and we couldn't consider any price lower than USD1,520/t from early this week". They didn't close any deal today and last sold 20t at USD1,560/t two weeks ago . The trader further revealed that they received four inquiries this week till now while they didn't receive any inquiry in the past two weeks . Even though they received more inquiries, the trader predicts the mainstream prices of Chinese ferrosilicon 75%min would stay flat by the end of this week in consideration of no deals and firm domestic prices.
Based on the typical monthly exporting volume of 500t, the trader predicts to export around 200t in March, down by 100t from the previous month for limited deals. They don't have any stock at the moment.
. Insiders hold the view that the mainstream export prices of Chinese ferrosilicon 72%min would keep steady within this week because of scarce firm bids and stable domestic prices.
A trader from Henan mentioned that their current offer for ferrosilicon 75%min 10-50mm stood at USD1,565/t Ex-VAT FOB China and they would consider a concession as much as USD20/t today. "We didn't close any deal today and last sold 50t at USD1,590/t CIF Malaysia with a freight of USD30/t early last week. We insisted on USD1,545/t FOB from early this week", the trader revealed, adding that they received around four to five inquiries this week till now while they only received one or two inquiries weekly a weeks ago . The trader felt the market turned more active due to more inquiries and believes the mainstream prices of Chinese ferrosilicon 75%min would remain stable by the end of this week for limited deals and flat domestic prices.
The trader, with a regular monthly exporting volume of 200t, expects to export about 100t in March, in line with last month. They hold no inventory currently.
Another trader in Henan disclosed, "We would like to export ferrosilicon 75%min 10-50mm at USD1,540/t Ex-VAT FOB China and we couldn't consider any price lower than USD1,520/t from early this week". They didn't close any deal today and last sold 20t at USD1,560/t two weeks ago . The trader further revealed that they received four inquiries this week till now while they didn't receive any inquiry in the past two weeks . Even though they received more inquiries, the trader predicts the mainstream prices of Chinese ferrosilicon 75%min would stay flat by the end of this week in consideration of no deals and firm domestic prices.
Based on the typical monthly exporting volume of 500t, the trader predicts to export around 200t in March, down by 100t from the previous month for limited deals. They don't have any stock at the moment.