Chinese ferrosilicon 75%min prices stable
2023-03-28 08:22:06 [Print]
BEIJING (Asian Metal) 28 Mar 23 – Given weak demand from the downstream and reducing supply, the mainstream prices of Chinese ferrosilicon 75%min 200-500mm stand firm at RMB7,900-8,100/t (USD1,149-1,178/t) EXW D/P from late last week. Insiders hold the view that the mainstream prices of Chinese ferrosilicon 75%min would remain stable within this week in consideration of weak demand from the downstream and reducing supply.
A producer from Shaanxi disclosed, "We would like to sell ferrosilicon 75%min 200-500mm at RMB8,000/t (USD1,163/t) EXW D/P today". They didn't close any deal today yet and last sold 60t at RMB8,000/t (USD1,163/t) last Friday when they insisted on this price. The producer further revealed that two of their clients suspended consumption from last week and they would reduce production next week. They believe that the mainstream prices of Chinese ferrosilicon 75%min would keep steady by the end of this week given reducing supply and weak demand from the downstream.
Based on the annual production capacity of 100,000t, the producer plans to produce about 4,500t in March, on par with the previous month. They don't have stock currently.
A consumer from Shanxi mentioned that the most competitive price for ferrosilicon 75%min 200-500mm they received today stood at RMB8,000/t (USD1,163/t) Delivered D/P with a freight of RMB100/t (USD15/t). "We didn't purchase today since we purchase as scheduled and last purchased 400t at RMB7,900/t (USD1,147/t) last Friday when most suppliers stuck to this price", noted the consumer. As they predict the mainstream prices of Chinese ferrosilicon 75%min would stay unchanged by the end of this week for firm prices from most suppliers, the consumer would keep purchasing for weekly consumption in the next purchase.
The consumer, with the consumption capacity of 36,000tpy, expects to consume around 1,500t in March, in line with last month. They hold the inventory of nearly 400t in stock at the moment.
A producer from Shaanxi disclosed, "We would like to sell ferrosilicon 75%min 200-500mm at RMB8,000/t (USD1,163/t) EXW D/P today". They didn't close any deal today yet and last sold 60t at RMB8,000/t (USD1,163/t) last Friday when they insisted on this price. The producer further revealed that two of their clients suspended consumption from last week and they would reduce production next week. They believe that the mainstream prices of Chinese ferrosilicon 75%min would keep steady by the end of this week given reducing supply and weak demand from the downstream.
Based on the annual production capacity of 100,000t, the producer plans to produce about 4,500t in March, on par with the previous month. They don't have stock currently.
A consumer from Shanxi mentioned that the most competitive price for ferrosilicon 75%min 200-500mm they received today stood at RMB8,000/t (USD1,163/t) Delivered D/P with a freight of RMB100/t (USD15/t). "We didn't purchase today since we purchase as scheduled and last purchased 400t at RMB7,900/t (USD1,147/t) last Friday when most suppliers stuck to this price", noted the consumer. As they predict the mainstream prices of Chinese ferrosilicon 75%min would stay unchanged by the end of this week for firm prices from most suppliers, the consumer would keep purchasing for weekly consumption in the next purchase.
The consumer, with the consumption capacity of 36,000tpy, expects to consume around 1,500t in March, in line with last month. They hold the inventory of nearly 400t in stock at the moment.
