Chinese ferrosilicon 75%min prices stable
2023-03-24 10:29:00 [Print]
BEIJING (Asian Metal) 24 Mar 23 - In spite of weak demand from the downstream, most suppliers held their prices unchanged today due to reduced supply and high raw material prices. Currently, the mainstream prices of Chinese ferrosilicon 75%min 200-500mm stand at RMB7,900-8,100/t (USD1,157-1,186/t) EXW D/P, unchanged from yesterday
A consumer from Shaanxi disclosed, "The best price for ferrosilicon 75%min 200-500mm we received today stood at RMB8,000/t (USD1,171/t) EXW D/P and most suppliers insisted on this price from yesterday". They didn't purchase today and last purchased 500t at RMB8,000/t (USD1,171/t) yesterday . As the consumer hold the view that the mainstream prices of Chinese ferrosilicon 75%min would remain stable in the following week for firm prices from most suppliers, they would keep purchasing ferrosilicon 75%min for weekly consumption in next purchase.
The consumer, with an annual consumption capacity of 30,000t, expects to consume about 1,200t, in line with last month. They hold nearly 500t in stock currently.
Another consumer from Shaanxi mentioned that the most competitive price of ferrosilicon 75%min 200-500mm they received today stood at RMB7,950/t (USD1,164/t) EXW D/P. "We didn't purchase today and last purchased 100t at the price of RMB8,000/t (USD1,171/t) Delivered this Tuesday with the freight of around RMB50/t (USD7/t) when most suppliers insisted on this price", revealed the consumer, adding that they kept about operation rate of 30% since mid this month for weak demand from the downstream while they kept working rate of 60% before mid this month . The consumer predicts that the mainstream prices of Chinese ferrosilicon 75%min would stay flat in the coming week given that most suppliers held their prices firm.
Based on the consumption capacity of 24,000t, predicts to consume around 900t in March, down by 300t from the previous month for weak demand. They have an inventory of approximately 100t at the moment.
. Insiders believe that the mainstream prices of Chinese ferrosilicon 75%min would keep steady in the coming week given weak demand but high raw material prices.
A consumer from Shaanxi disclosed, "The best price for ferrosilicon 75%min 200-500mm we received today stood at RMB8,000/t (USD1,171/t) EXW D/P and most suppliers insisted on this price from yesterday". They didn't purchase today and last purchased 500t at RMB8,000/t (USD1,171/t) yesterday . As the consumer hold the view that the mainstream prices of Chinese ferrosilicon 75%min would remain stable in the following week for firm prices from most suppliers, they would keep purchasing ferrosilicon 75%min for weekly consumption in next purchase.
The consumer, with an annual consumption capacity of 30,000t, expects to consume about 1,200t, in line with last month. They hold nearly 500t in stock currently.
Another consumer from Shaanxi mentioned that the most competitive price of ferrosilicon 75%min 200-500mm they received today stood at RMB7,950/t (USD1,164/t) EXW D/P. "We didn't purchase today and last purchased 100t at the price of RMB8,000/t (USD1,171/t) Delivered this Tuesday with the freight of around RMB50/t (USD7/t) when most suppliers insisted on this price", revealed the consumer, adding that they kept about operation rate of 30% since mid this month for weak demand from the downstream while they kept working rate of 60% before mid this month . The consumer predicts that the mainstream prices of Chinese ferrosilicon 75%min would stay flat in the coming week given that most suppliers held their prices firm.
Based on the consumption capacity of 24,000t, predicts to consume around 900t in March, down by 300t from the previous month for weak demand. They have an inventory of approximately 100t at the moment.