Chinese HC ferrochrome suppliers hold pessimistic attitudes
2023-03-31 07:42:26 [Print]
BEIJING (Asian Metal) 31 Mar 23 – Most suppliers hold pessimistic attitudes towards the market prices. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB8,900-9,100/t (USD1,293-1,322/t) EXW D/P, unchanged from early this week. Insiders hold pessimistic attitudes and predict the mainstream prices would move down in the following week due to the decreased purchase prices of steel mills.
A trader from North China mentioned, "We hold negative attitudes due to the purchase prices of steel mills decreased by RMB600/t (USD87.19/t) in April". They quote RMB9,100/t (USD1,322/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,000/t (USD1,307/t) at present, unchanged from early this week. They received an inquiry today, but they refused to sell because the customer wanted to purchase at RMB8,700/t (USD1,264/t). They last sold around 100t at RMB9,100/t (USD1,322/t) mid last week. They predict the mainstream prices would decrease in the coming week.
The trader, based on a regular monthly trading volume of around 2,400t of HC ferrochrome Cr52%min C8%max, predicts to sell around 2,400t in April, unchanged from March. They have around 100t of stocks at present.
A trader from North China disclosed, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would move down in the following week due to the decreased purchase prices of steel mills". They offer RMB9,000/t (USD1,307/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, unchanged from early this week. They received an inquiry today, but they refused because the customer wanted to purchase at RMB8,800/t (USD1,278/t). They last sold at 30t at RMB9,200/t (USD1,336/t) in mid March. They would move down their price in the following week.
The trader, based on a regular monthly trading volume of around 100t of HC ferrochrome Cr52%min C8%max, predicts to sell around 100t in April, unchanged from March. They have around 60t of stocks at present.
A trader from North China mentioned, "We hold negative attitudes due to the purchase prices of steel mills decreased by RMB600/t (USD87.19/t) in April". They quote RMB9,100/t (USD1,322/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB9,000/t (USD1,307/t) at present, unchanged from early this week. They received an inquiry today, but they refused to sell because the customer wanted to purchase at RMB8,700/t (USD1,264/t). They last sold around 100t at RMB9,100/t (USD1,322/t) mid last week. They predict the mainstream prices would decrease in the coming week.
The trader, based on a regular monthly trading volume of around 2,400t of HC ferrochrome Cr52%min C8%max, predicts to sell around 2,400t in April, unchanged from March. They have around 100t of stocks at present.
A trader from North China disclosed, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would move down in the following week due to the decreased purchase prices of steel mills". They offer RMB9,000/t (USD1,307/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, unchanged from early this week. They received an inquiry today, but they refused because the customer wanted to purchase at RMB8,800/t (USD1,278/t). They last sold at 30t at RMB9,200/t (USD1,336/t) in mid March. They would move down their price in the following week.
The trader, based on a regular monthly trading volume of around 100t of HC ferrochrome Cr52%min C8%max, predicts to sell around 100t in April, unchanged from March. They have around 60t of stocks at present.
