Chinese HC ferrochrome suppliers hold pessimistic attitudes
2023-04-04 08:22:37 [Print]
BEIJING (Asian Metal) 4 Apr 23 – Most suppliers hold pessimistic attitudes towards the market prices due to the decreased purchase prices of steel mills. Currently, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB8,700-8,900/t (USD1,262-1,291/t) EXW D/P at present, down by RMB100-200/t (USD14.51-29.02/t) from late last week. Insiders predict the mainstream prices would decrease in the coming week due to pessimistic attitudes.
A trader from South China mentioned, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would move down in the coming week". They quote RMB8,800/t (USD1,277/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, down by RMB200/t (USD29.02/t) from late last week. They received an inquiry today, but they customer did not reply after they quoted this price. They last sold around 20t at RMB9,000/t (USD1,306/t) EXW D/P mid last week. They might decrease their price in the coming week.
The trader, based on a regular monthly trading volume of around 100t of HC ferrochrome Cr52%min C8%max, sold around 100t in March, unchanged from February. They have around 40t of stocks at present.
A trader from South China disclosed, "We hold negative attitudes due to the decreased purchase prices of steel mills in April". They offer RMB8,800/t (USD1,277/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,700/t (USD1,262/t) at the moment, down by RMB100/t (USD14.51/t) from late last week. They did not receive any inquiry so far this week and last sold around 30t at RMB9,200/t (USD1,335/t) in mid March. They would move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max, predict to sell around 30t in April, down by around 30t from March. They have around 50t of stocks at present.
A trader from South China mentioned, "We hold pessimistic attitudes towards the market prices and predict the mainstream prices would move down in the coming week". They quote RMB8,800/t (USD1,277/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, down by RMB200/t (USD29.02/t) from late last week. They received an inquiry today, but they customer did not reply after they quoted this price. They last sold around 20t at RMB9,000/t (USD1,306/t) EXW D/P mid last week. They might decrease their price in the coming week.
The trader, based on a regular monthly trading volume of around 100t of HC ferrochrome Cr52%min C8%max, sold around 100t in March, unchanged from February. They have around 40t of stocks at present.
A trader from South China disclosed, "We hold negative attitudes due to the decreased purchase prices of steel mills in April". They offer RMB8,800/t (USD1,277/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,700/t (USD1,262/t) at the moment, down by RMB100/t (USD14.51/t) from late last week. They did not receive any inquiry so far this week and last sold around 30t at RMB9,200/t (USD1,335/t) in mid March. They would move down their price in the coming week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max, predict to sell around 30t in April, down by around 30t from March. They have around 50t of stocks at present.
