Chinese chrome metal suppliers hold pessimistic attitudes
2023-03-28 08:22:29 [Print]
BEIJING (Asian Metal) 28 Mar 23 – Most suppliers hold pessimistic attitudes towards the market prices and the market demand. Currently, the mainstream prices for Chinese chrome metal 99%min stand at RMB70,000-71,500/t (USD10,169-10,387/t) EXW D/P, unchanged from late last week. Insiders predict the mainstream prices would decrease in the coming week due to the weak demand.
A producer from North China mentioned, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would decrease in the coming week". They quote RMB69,000/t (USD10,025/t) EXW D/P for chrome metal 99%min and could accept the price as low as RMB68,500/t (USD9,952/t) EXW D/P at present, unchanged from late last week. They did not receive any inquiry this week and last sold around 5t at RMB68,500/t (USD9,952/t) EXW D/P late last week. They might decrease their price in the coming week due to the weak demand.
The producer, with an annual production capacity of 12,000t of chrome metal 99%min, predicts to produce around 100t in March, unchanged from last month. They produced around 300t so far in 2023. They have no stock at present.
A trader from North China disclosed, "We hold negative attitudes towards the market outlook and estimate the mainstream prices would move down in the following week". They offer RMB70,000/t (USD10,172/t) EXW D/P for chrome metal 99%min and could not accept any prices lower than RMB69,000/t (USD10,025/t) EXW D/P at present, in line with late last week. They last sold around 5t at RMB69,000/t (USD10,025/t) EXW D/P mid last week. They would decrease their price in the coming week.
The trader, based on a regular monthly trading volume of around 20t of chrome metal 99%min, predicts to sell around 20t in March, in line with last month. They hold no stock at the moment.
A producer from North China mentioned, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would decrease in the coming week". They quote RMB69,000/t (USD10,025/t) EXW D/P for chrome metal 99%min and could accept the price as low as RMB68,500/t (USD9,952/t) EXW D/P at present, unchanged from late last week. They did not receive any inquiry this week and last sold around 5t at RMB68,500/t (USD9,952/t) EXW D/P late last week. They might decrease their price in the coming week due to the weak demand.
The producer, with an annual production capacity of 12,000t of chrome metal 99%min, predicts to produce around 100t in March, unchanged from last month. They produced around 300t so far in 2023. They have no stock at present.
A trader from North China disclosed, "We hold negative attitudes towards the market outlook and estimate the mainstream prices would move down in the following week". They offer RMB70,000/t (USD10,172/t) EXW D/P for chrome metal 99%min and could not accept any prices lower than RMB69,000/t (USD10,025/t) EXW D/P at present, in line with late last week. They last sold around 5t at RMB69,000/t (USD10,025/t) EXW D/P mid last week. They would decrease their price in the coming week.
The trader, based on a regular monthly trading volume of around 20t of chrome metal 99%min, predicts to sell around 20t in March, in line with last month. They hold no stock at the moment.
