Chinese chrome metal prices unchanged
2023-03-31 07:42:16 [Print]
BEIJING (Asian Metal) 31 Mar 23 – Most suppliers keep their prices unchanged from early this week. Currently, the mainstream prices for Chinese chrome metal 99%min stand at RMB70,000-71,500/t (USD10,172-10,317/t) EXW D/P, unchanged from early this week. Insiders predict the mainstream prices would keep unchanged in the coming week as most suppliers have no plan to change their prices.
A trader from South China disclosed, "We offer RMB70,000/t (USD10,172/t) delivered D/P with the delivery freight of maximum RMB200/t (USD29.06/t) for chrome metal 99%min at present, unchanged from early this week". They explained that they could not decrease their price because their cost stand at RMB69,500/t (USD10,101/t) at present. They last sold around 5t at RMB70,000/t (USD10,172/t) delivered D/P this week. They have no plan to change their price in the coming week and predict the mainstream prices would keep flat as well.
The trader, based on a regular monthly trading volume of around 30t of chrome metal 99%min, predicts to sell around 30t in April, unchanged from March. They have no stock at present.
A consumer from South China disclosed, "We received the price at RMB46,000/t (USD6,686/t) delivered D/P for chrome metal 95%min and we consider that we could purchase at RMB45,500/t (USD6,613/t) at present, in line with early this week". They did not purchase this week and have no plan to purchase in April because they predict the prices would keep decreasing in April and May. They last purchased around 100t at RMB45,500/t (USD6,613/t) delivered D/P in mid February. They predict the mainstream prices would keep flat in the coming week.
The consumer, with an annual consumption capacity of 2,400t of chrome metal 95%min, predicts to consume around 100t in April, unchanged from last month. They have around 50t of stocks at the moment.
A trader from South China disclosed, "We offer RMB70,000/t (USD10,172/t) delivered D/P with the delivery freight of maximum RMB200/t (USD29.06/t) for chrome metal 99%min at present, unchanged from early this week". They explained that they could not decrease their price because their cost stand at RMB69,500/t (USD10,101/t) at present. They last sold around 5t at RMB70,000/t (USD10,172/t) delivered D/P this week. They have no plan to change their price in the coming week and predict the mainstream prices would keep flat as well.
The trader, based on a regular monthly trading volume of around 30t of chrome metal 99%min, predicts to sell around 30t in April, unchanged from March. They have no stock at present.
A consumer from South China disclosed, "We received the price at RMB46,000/t (USD6,686/t) delivered D/P for chrome metal 95%min and we consider that we could purchase at RMB45,500/t (USD6,613/t) at present, in line with early this week". They did not purchase this week and have no plan to purchase in April because they predict the prices would keep decreasing in April and May. They last purchased around 100t at RMB45,500/t (USD6,613/t) delivered D/P in mid February. They predict the mainstream prices would keep flat in the coming week.
The consumer, with an annual consumption capacity of 2,400t of chrome metal 95%min, predicts to consume around 100t in April, unchanged from last month. They have around 50t of stocks at the moment.
