Chinese ferrosilicon 75%min export market sees rare deals
2023-04-14 08:33:49 [Print]
BEIJING (Asian Metal) 14 Apr 23 - As most overseas clients remained inactive in placing orders, Chinese ferrosilicon 75%min export market witnessed rare deals from yesterday. As most exporters tried to hold their prices unchanged due to firm domestic prices today, insiders believe that the mainstream prices of Chinese ferrosilicon 75%min would remain unchanged within this week. The mainstream export prices of Chinese ferrosilicon 75%min 10-50mm stand firm at USD 1,520-1,550/t Ex-VAT FON China at present, unchanged from yesterday.
A trader from Shaanxi mentioned that they didn't close any deal in the past two weeks and last sold 100t of ferrosilicon 72%min 10-50mm at USD1,500/t Ex-VAT FOB China late last month. "We closed one to two deals weekly in March", noted the trader, who insisted on exporting ferrosilicon 75%min at USD1,550/t with a concession as much as USD20/t from yesterday. They hold the view that the mainstream export prices of Chinese ferrosilicon 72%min would remain flat by the end of this week for weak demand from the overseas but stable domestic prices.
The trader, with the regular monthly export volume of 500t, expects to export about 200t in April, down by 100t from last month for sluggish demand. They don't have any inventory currently.
Another trader in Shaanxi disclosed, "We didn't close any deal in the past three weeks and last sold 50t of ferrosilicon 75%min 10-50mm at USD1,550/t Ex-VAT FOB China three week ago". The trader further revealed that they only received two inquiries from last week while they received two to three inquiries weekly in March. Their best price for ferrosilicon 75%min stood at USD1,550/t today and they stuck to such price from yesterday. The reader predicts that the mainstream export prices of Chinese ferrosilicon 75%min would stay stable within this week given limited inquiries but firm domestic prices.
Based on the typical export volume of 300tpm, the trader predicts to export around 100t in April, down by 100t from the previous month for weak demand from the overseas. They hold no sock at the moment.
A trader from Shaanxi mentioned that they didn't close any deal in the past two weeks and last sold 100t of ferrosilicon 72%min 10-50mm at USD1,500/t Ex-VAT FOB China late last month. "We closed one to two deals weekly in March", noted the trader, who insisted on exporting ferrosilicon 75%min at USD1,550/t with a concession as much as USD20/t from yesterday. They hold the view that the mainstream export prices of Chinese ferrosilicon 72%min would remain flat by the end of this week for weak demand from the overseas but stable domestic prices.
The trader, with the regular monthly export volume of 500t, expects to export about 200t in April, down by 100t from last month for sluggish demand. They don't have any inventory currently.
Another trader in Shaanxi disclosed, "We didn't close any deal in the past three weeks and last sold 50t of ferrosilicon 75%min 10-50mm at USD1,550/t Ex-VAT FOB China three week ago". The trader further revealed that they only received two inquiries from last week while they received two to three inquiries weekly in March. Their best price for ferrosilicon 75%min stood at USD1,550/t today and they stuck to such price from yesterday. The reader predicts that the mainstream export prices of Chinese ferrosilicon 75%min would stay stable within this week given limited inquiries but firm domestic prices.
Based on the typical export volume of 300tpm, the trader predicts to export around 100t in April, down by 100t from the previous month for weak demand from the overseas. They hold no sock at the moment.
