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  • Chinese S.G. cast iron market slow

    2023-04-04 07:56:17   [Print]
    BEIJING (Asian Metal) 4 Apr 23 - Discouraged by soft demand from foundries and weakening prices of raw materials, Chinese S.Asian Metal Copyright cast iron prices would edge down further in the coming week.Asian Metal CopyrightG.Asian Metal Copyright It estimated an output of roughly 3,000t in April, similar to March.Asian Metal Copyright cast iron prices went down this week.Asian Metal CopyrightG.Asian Metal Copyright Currently prices of S.Asian Metal Copyright "I sold around 150t of the material at RMB3,740t USD543t last Sunday," he said, adding that most producers hold bearish attitudes towards the coming market seeing stagnant demand from foundries.Asian Metal CopyrightG.Asian Metal Copyright A consumer in Liaoning stated that he did not have plans to restock this week, as S.Asian Metal Copyright cast iron Q10 Si 0.Asian Metal CopyrightG.Asian Metal Copyright5-1.Asian Metal Copyright A consumer in Liaoning stated that he did not have plans to restock this week, as S.Asian Metal Copyright4%min, Mn 0.Asian Metal Copyright cast iron Q10 Si 0.Asian Metal Copyright2%max, P 0.Asian Metal CopyrightBEIJING Asian Metal 4 Apr 23 - Discouraged by soft demand from foundries and weakening prices of raw materials, Chinese S.Asian Metal Copyright05%max, S 0.02%max stand at RMB3,700/t (USD537/t) and RMB3,600/t (USD522/t) EXW D/P in Shanxi and Liaoning respectively, both down by around RMB40/t (USD6/t) from late last week.Asian Metal Copyright Currently prices of S.Asian Metal Copyright Given limited demand from foundries but rising stocks from producers, insiders predict S.Asian Metal Copyright "I sold around 150t of the material at RMB3,740t USD543t last Sunday," he said, adding that most producers hold bearish attitudes towards the coming market seeing stagnant demand from foundries.Asian Metal CopyrightG.Asian Metal CopyrightG.Asian Metal Copyright cast iron prices would decline further in the coming week.

    A consumer in Liaoning stated that he did not have plans to restock this week, as S.G.Asian Metal Copyright cast iron prices would edge down further in the coming week.Asian Metal Copyright cast iron prices continued on the decline.Asian Metal Copyright4%min, Mn 0.Asian Metal Copyright According to him, his demand for S.Asian Metal CopyrightG.Asian Metal CopyrightG.Asian Metal CopyrightG.Asian Metal Copyright cast iron shrank by around 50% YoY. He got an offer of RMB3,650/t (USD530/t) EXW D/P for S.Asian Metal Copyright Currently prices of S.Asian Metal CopyrightG. cast iron Q10 from a producer in Benxi, Liaoning on Monday and could buy at RMB3,600/t (USD522/t) if he had orders. "I last purchased around 100t of the material at RMB3,700/t (USD537/t) three weeks ago and could buy at RMB3,640/t (USD528/t) late last week," he said, adding that he has no much confidence in the coming market seeing the slow market performance.Asian Metal Copyright2%max, P 0.Asian Metal Copyright Given that producers are competing for orders, he deems S.Asian Metal Copyright cast iron, the company produced nearly 80,000t of the material in 2022 and about 6,000t in the Q1 of this year.Asian Metal CopyrightG.Asian Metal CopyrightBEIJING Asian Metal 4 Apr 23 - Discouraged by soft demand from foundries and weakening prices of raw materials, Chinese S.Asian Metal Copyright cast iron prices would edge down further in the coming week.

    The company owns an annual consumption capacity of 3,000t for S.G.Asian Metal Copyright cast iron and used almost 2,500t of the material in 2022.Asian Metal Copyright cast iron and used almost 2,500t of the material in 2022.Asian Metal CopyrightG.Asian Metal Copyright Its consumption amount reached nearly 300t in the first three months of this year, holding an inventory of 50t or so at present.

    A producer in Shanxi reported that he could get no more than three inquires in one day this week, against at least five ones three weeks ago. He asked RMB3,720/t (USD540/t) EXW D/P for S.Asian Metal Copyright cast iron shrank by around 50% YoY.Asian Metal CopyrightG. cast iron Q10 on Monday and could accept a concession of RMB20/t (USD3/t) at most for firm bids. "I sold around 150t of the material at RMB3,740/t (USD543/t) last Sunday," he said, adding that most producers hold bearish attitudes towards the coming market seeing stagnant demand from foundries.Asian Metal CopyrightG.Asian Metal Copyright Given this situation, he is of the opinion that S.Asian Metal CopyrightG.Asian Metal CopyrightG.Asian Metal Copyright cast iron Q10 from a producer in Benxi, Liaoning on Monday and could buy at RMB3,600t USD522t if he had orders.Asian Metal Copyright cast iron prices would fall further in the coming week.

    Reporting an annual production capacity of 360,000t for S.G.Asian Metal CopyrightG.Asian Metal Copyright cast iron, the company produced nearly 80,000t of the material in 2022 and about 6,000t in the Q1 of this year.Asian Metal CopyrightG.Asian Metal Copyright It estimated an output of roughly 3,000t in April, similar to March.Asian Metal Copyright cast iron prices continued on the decline.Asian Metal Copyright It holds an inventory of almost 3,000t, down by 1,000t from two weeks ago.
    .Asian Metal CopyrightGAsian Metal Copyright
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