Chinese imported ferroniobium market witnesses active inquiries
2023-03-29 08:32:29 [Print]
BEIJING (Asian Metal) 29 Mar 23 - As most consumers worried about the future supply, Chinese imported ferroniobium market witnessed active inquiries in the past week. The mainstream prices of imported ferroniobium 66% hover at RMB221,000-231,000/t (USD32
"We received two inquiries so far this week, while we received only one inquiry last week," said a trader in North China, who offers RMB235,000/t (USD34.1/kg) D/P for imported ferroniobium 66% and could accept RMB231,000/t (USD33.6/kg) for orders no less than 5t at present, unchanged from early last week. They last sold around 5t at about RMB231,000/t (USD33.6/kg) D/P to a regular client early last week. As most consumers remain active in sending inquiries, the trader plans to raise their price by around RMB1,000/t (USD0.1/kg) next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the coming week.
With a regular monthly trading volume of 20t, the producer would sell around 20t in March, unchanged from February. They sold nearly 200t in 2022 and around 50t so far in 2023 . They hold around 10t of stocks at present, the same as last month.
Another trader in North China noted that they received three inquires so far this week, while they received two inquiries last week. They quote RMB232,000/t (USD33.7/kg) D/P for imported ferroniobium 66% and could accept RMB230,000/t (USD33.4/kg) for orders no less than 10t at the moment, the same as early last week. "Encouraged by higher import prices and limited supply in the spot market, many clients worry about the supply and become more active in sending inquiries so far this week," said the trader, who just sold about 10t at around RMB230,000/t (USD33.4/kg) to a regular client early this week. Encouraged by active inquires from downstream consumers, the trader has confidence in the market next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the following week.
The trader, based on a regular monthly trading volume of 40t, expects to sell about 40t in March, unchanged from February. They sold nearly 320t in 2022 and almost 120t so far in 2023 . They hold around 20t of stocks now, unchanged from last month.
. 1-33.6/kg) D/P at present, unchanged from early last week . As most suppliers regain confidence in the market, insiders predict that the mainstream prices would show uptrend in the coming week.
"We received two inquiries so far this week, while we received only one inquiry last week," said a trader in North China, who offers RMB235,000/t (USD34.1/kg) D/P for imported ferroniobium 66% and could accept RMB231,000/t (USD33.6/kg) for orders no less than 5t at present, unchanged from early last week. They last sold around 5t at about RMB231,000/t (USD33.6/kg) D/P to a regular client early last week. As most consumers remain active in sending inquiries, the trader plans to raise their price by around RMB1,000/t (USD0.1/kg) next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the coming week.
With a regular monthly trading volume of 20t, the producer would sell around 20t in March, unchanged from February. They sold nearly 200t in 2022 and around 50t so far in 2023 . They hold around 10t of stocks at present, the same as last month.
Another trader in North China noted that they received three inquires so far this week, while they received two inquiries last week. They quote RMB232,000/t (USD33.7/kg) D/P for imported ferroniobium 66% and could accept RMB230,000/t (USD33.4/kg) for orders no less than 10t at the moment, the same as early last week. "Encouraged by higher import prices and limited supply in the spot market, many clients worry about the supply and become more active in sending inquiries so far this week," said the trader, who just sold about 10t at around RMB230,000/t (USD33.4/kg) to a regular client early this week. Encouraged by active inquires from downstream consumers, the trader has confidence in the market next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the following week.
The trader, based on a regular monthly trading volume of 40t, expects to sell about 40t in March, unchanged from February. They sold nearly 320t in 2022 and almost 120t so far in 2023 . They hold around 20t of stocks now, unchanged from last month.