Chinese white fused alumina export prices remain firm

BEIJING (Asian Metal) 3 Apr 23 – Encouraged by the firm domestic prices, most exporters firmed their prices in the past week, despite that the overseas demand stayed in low position.Asian Metal Copyright As most exporters plan to stick to their current prices in consideration of the stable domestic market, insiders hold the view that the mainstream export prices of Chinese white fused alumina would keep steady in the forthcoming week.Asian Metal Copyright Therefore, the present mainstream export prices of Chinese white fused alumina 99%min 1-3mm Fe2O3 0.Asian Metal Copyright Despite that they hold the belief that the market demand stays weak, they still plan to stick with their present quotation in light of the firm domestic prices and believe that the prevailing export prices of Chinese white fused alumina would keep steady in the upcoming week.Asian Metal Copyright08%max Na2O 0.Asian Metal Copyright35%max SiO2 0.Asian Metal Copyright35%max SiO2 0.1%max stand at USD650-670/t Ex-VAT FOB China, unchanged from early this week.Asian Metal CopyrightBEIJING Asian Metal 3 Apr 23 – Encouraged by the firm domestic prices, most exporters firmed their prices in the past week, despite that the overseas demand stayed in low position.Asian Metal Copyright As most exporters plan to stick to their current prices in consideration of the stable domestic market, insiders hold the view that the mainstream export prices of Chinese white fused alumina would keep steady in the forthcoming week.

A trader in Henan kept their export quotation for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.Asian Metal Copyright Their clients used to buy 500t at a time, but this year the purchasing volume shrunk by nearly 50% due to dim end market.Asian Metal Copyright3%max SiO2 0.1%max ucnahgned from early this week at USD660/t Ex-VAT FOB China and could give no discount. The trader disclosed, "We concluded our last order in mid-March when we sold about three containers of 60t to a client at around USD660/t and we have only two orders in the whole month".Asian Metal CopyrightBEIJING Asian Metal 3 Apr 23 – Encouraged by the firm domestic prices, most exporters firmed their prices in the past week, despite that the overseas demand stayed in low position.Asian Metal Copyright Despite that they hold the belief that the market demand stays weak, they still plan to stick with their present quotation in light of the firm domestic prices and believe that the prevailing export prices of Chinese white fused alumina would keep steady in the upcoming week.

Based on a regular monthly trading volume of 200t, they sold about 140t in March, while they have no orders at all last month owing to weak demand. Currently they have no stock.

Another exporter in Tianjin disclosed, "We kept our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.Asian Metal Copyright The trader disclosed, "We concluded our last order in mid-March when we sold about three containers of 60t to a client at around USD660t and we have only two orders in the whole month".Asian Metal Copyright3%max SiO2 0.1%max unchanged from early this week at USD650/t Ex-VAT FOB China with no concession". They completed their latest order late last week when they sold about 120t to a European regular client at around USD650/t.Asian Metal Copyright As most exporters plan to stick to their current prices in consideration of the stable domestic market, insiders hold the view that the mainstream export prices of Chinese white fused alumina would keep steady in the forthcoming week.Asian Metal Copyright Their clients used to buy 500t at a time, but this year the purchasing volume shrunk by nearly 50% due to dim end market.Asian Metal Copyright The trader disclosed, "We concluded our last order in mid-March when we sold about three containers of 60t to a client at around USD660t and we have only two orders in the whole month".Asian Metal Copyright However, given that their domestic suppliers refused to lower prices, they prefer to firm their price and predict that the prevailing export prices of Chinese white fused alumina would stay stable in the week to come.

The trader, with a typical monthly trading volume of 500t, exported about 300t this month, unchanged MoM. They have no inventory currently.

.Asian Metal Copyright The trader disclosed, "We concluded our last order in mid-March when we sold about three containers of 60t to a client at around USD660t and we have only two orders in the whole month"Asian Metal Copyright