Chinese HC ferrochrome suppliers hold negative attitudes
2023-04-03 08:33:43 [Print]
BEIJING (Asian Metal) 3 Apr 23 – Most suppliers hold pessimistic attitudes towards the market prices because of the decreased purchase prices of steel mills in April. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB8,800-9,000/t (USD1,279-1,308/t) EXW D/P, unchanged from mid this week. Insiders predict the mainstream prices would move down in the following week.
A producer from North China mentioned, "We hold pessimistic attitudes towards the market demand and prices because of purchase prices of steel mills decreased by RMB600/t (USD87.25/t) in April". They quote RMB9,000/t (USD1,308/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,900/t (USD1,294/t) at present, unchanged from mid this week. They received an inquiry today, but they refused to sell because the customer wanted to purchase at RMB8,700/t (USD1,265/t). They last sold around 60t at RMB8,900/t (USD1,294/t) early this week. They predict the mainstream prices would decrease in the coming week.
The producer, with an annual production capacity of 60,000t of HC ferrochrome Cr52%min C8%max, produced around 2,200t in March, unchanged from February. They produced around 24,000t in 2022, and produced around 5,500t so far in 2023. They have no stock at the moment.
A producer from North China mentioned, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would decrease in the coming week". They offer RMB8,800/t (USD1,279/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could not accept any prices lower than RMB8,700/t (USD1,265/t). They received an inquiry that the customer wanted to purchase at RMB8,500-8,600/t (USD1,236-1,250/t), and they refused to sell at this price. They last sold around 30t at RMB8,700/t (USD1,265/t) early this week. They might decrease their price in the coming week.
The producer, with an annual production capacity of 72,000t of HC ferrochrome Cr52%min C8%max, produced around 5,000t in March, up by around 2,000t from February. They produced around 40,000t in 2022, and around 10,000t so far in 2023. They have no inventory at present.
A producer from North China mentioned, "We hold pessimistic attitudes towards the market demand and prices because of purchase prices of steel mills decreased by RMB600/t (USD87.25/t) in April". They quote RMB9,000/t (USD1,308/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,900/t (USD1,294/t) at present, unchanged from mid this week. They received an inquiry today, but they refused to sell because the customer wanted to purchase at RMB8,700/t (USD1,265/t). They last sold around 60t at RMB8,900/t (USD1,294/t) early this week. They predict the mainstream prices would decrease in the coming week.
The producer, with an annual production capacity of 60,000t of HC ferrochrome Cr52%min C8%max, produced around 2,200t in March, unchanged from February. They produced around 24,000t in 2022, and produced around 5,500t so far in 2023. They have no stock at the moment.
A producer from North China mentioned, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would decrease in the coming week". They offer RMB8,800/t (USD1,279/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could not accept any prices lower than RMB8,700/t (USD1,265/t). They received an inquiry that the customer wanted to purchase at RMB8,500-8,600/t (USD1,236-1,250/t), and they refused to sell at this price. They last sold around 30t at RMB8,700/t (USD1,265/t) early this week. They might decrease their price in the coming week.
The producer, with an annual production capacity of 72,000t of HC ferrochrome Cr52%min C8%max, produced around 5,000t in March, up by around 2,000t from February. They produced around 40,000t in 2022, and around 10,000t so far in 2023. They have no inventory at present.
