Chinese HC ferrochrome suppliers hold watchful attitudes
2023-03-28 08:22:24 [Print]
BEIJING (Asian Metal) 28 Mar 23 – Most suppliers hold watchful attitudes towards the market prices. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB9,000-9,200/t (USD1,308-1,337/t) EXW D/P, unchanged from early this week. Insiders predict the mainstream prices would keep steady within this week because most suppliers prefer to wait for the purchase prices of steel mills.
A producer from North China mentioned, "We hold wait-and-see attitude towards the market prices and the purchase prices of steel mills in April". They predict the purchase prices of steel mills would decrease in April, but they have no plan to change their price before the purchase prices come out. They quote RMB9,200/t (USD1,337/t) EXW D/P with no concession for HC ferrochrome Cr52%min C8%max at present, in line with late last week. They last sold around 60t at RMB9,200/t (USD1,337/t) EXW D/P late last week. They predict the mainstream prices would keep unchanged within this week.
The producer, with an annual production capacity of 240,000t of HC ferrochrome Cr52%min C8%max, predicts to produce around 7,000t in March, up by around 1,000t from February. They produced around 19,000t so far in 2023. They have no stock at present.
A trader from South China disclosed, "We hold watchful attitudes towards the market outlook and predict the mainstream prices would keep unchanged before the purchase prices of steel mill come out". They quote RMB9,300/t (USD1,351/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,200/t (USD1,336/t) at present, in line with late last week. They last sold around 100t at RMB9,200/t (USD1,336/t) late last week. They estimate the mainstream prices would keep flat within this week.
The trader, based on a regular monthly trading volume 100t of HC ferrochrome Cr52%min C8%max, estimates to sell around 100t in March, unchanged from last month. They hold no stock at present.
A producer from North China mentioned, "We hold wait-and-see attitude towards the market prices and the purchase prices of steel mills in April". They predict the purchase prices of steel mills would decrease in April, but they have no plan to change their price before the purchase prices come out. They quote RMB9,200/t (USD1,337/t) EXW D/P with no concession for HC ferrochrome Cr52%min C8%max at present, in line with late last week. They last sold around 60t at RMB9,200/t (USD1,337/t) EXW D/P late last week. They predict the mainstream prices would keep unchanged within this week.
The producer, with an annual production capacity of 240,000t of HC ferrochrome Cr52%min C8%max, predicts to produce around 7,000t in March, up by around 1,000t from February. They produced around 19,000t so far in 2023. They have no stock at present.
A trader from South China disclosed, "We hold watchful attitudes towards the market outlook and predict the mainstream prices would keep unchanged before the purchase prices of steel mill come out". They quote RMB9,300/t (USD1,351/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,200/t (USD1,336/t) at present, in line with late last week. They last sold around 100t at RMB9,200/t (USD1,336/t) late last week. They estimate the mainstream prices would keep flat within this week.
The trader, based on a regular monthly trading volume 100t of HC ferrochrome Cr52%min C8%max, estimates to sell around 100t in March, unchanged from last month. They hold no stock at present.
