Chinese ferrosilicon 75%min export prices unchanged
2023-03-29 08:32:52 [Print]
BEIJING (Asian Metal) 29 Mar 23 - In view of firm domestic prices and limited deals, most exporters held their prices unchanged today. Currently, the mainstream export prices of Chinese ferrosilicon 75%min 10-50mm stand flat at USD1,570-1,600/t FOB China and USD1,520-1,550/t Ex-VAT FOB China from yesterday. Insiders predict that the mainstream export prices of Chinese ferrosilicon 75%min would keep stable within this week in consideration of firm domestic prices and weak demand.
A trader from Northern China mentioned that they stuck to exporting ferrosilicon 75%min 10-50mm at USD1,580/t FOB China with no more concession from yesterday. "We didn't close any deal today and last sold 25t at USD1,570/t CIF Indonesia with the freight of USD20/t mid of this month", noted the trader, adding that they only closed one deal in the past two weeks while the closed three deals in the first half of March. They hold the view that the mainstream export prices of Chinese ferrosilicon 75%min would remain steady by the end of this week because of flat domestic prices and scarce deals.
The trader, with the regular monthly export volume of 200t, expects to export about 100t in March, in line with last month. They don't have any inventory at the moment.
Another trader from Southern China disclosed, "Our current export offer for ferrosilicon 75%min 10-50mm stands at USD1,550/t Ex-VAT FOB China today and we insisted on such price from yesterday". They didn't close any deal today and last sold 50t at USD1,575/t CIF Japan early last week. The trader believes that the mainstream export prices of Chinese ferrosilicon 75%min would stay flat within this week given that most clients asked lower prices but most domestic suppliers held their prices firm.
Based on the typical export volume of 200tpm, the trader predicts to export around 100t in March, on par with the previous month. They hold no stock currently.
A trader from Northern China mentioned that they stuck to exporting ferrosilicon 75%min 10-50mm at USD1,580/t FOB China with no more concession from yesterday. "We didn't close any deal today and last sold 25t at USD1,570/t CIF Indonesia with the freight of USD20/t mid of this month", noted the trader, adding that they only closed one deal in the past two weeks while the closed three deals in the first half of March. They hold the view that the mainstream export prices of Chinese ferrosilicon 75%min would remain steady by the end of this week because of flat domestic prices and scarce deals.
The trader, with the regular monthly export volume of 200t, expects to export about 100t in March, in line with last month. They don't have any inventory at the moment.
Another trader from Southern China disclosed, "Our current export offer for ferrosilicon 75%min 10-50mm stands at USD1,550/t Ex-VAT FOB China today and we insisted on such price from yesterday". They didn't close any deal today and last sold 50t at USD1,575/t CIF Japan early last week. The trader believes that the mainstream export prices of Chinese ferrosilicon 75%min would stay flat within this week given that most clients asked lower prices but most domestic suppliers held their prices firm.
Based on the typical export volume of 200tpm, the trader predicts to export around 100t in March, on par with the previous month. They hold no stock currently.
