Zimbabwean HC ferrochrome prices in Chinese market unchanged
2023-04-14 08:09:02 [Print]
BEIJING (Asian Metal) 14 Apr 23 – Most suppliers keep their prices unchanged from mid this week following the unchanged prices of domestic HC ferrochrome. Currently, the mainstream prices for Zimbabwean HC ferrochrome Cr58%min C8%max stand at RMB8,900-9,100/t (USD1,294-1,322/t) EXW D/P, unchanged from mid this week. Insiders hold pessimistic attitudes and predict the mainstream prices would move down in the coming week following the domestic HC ferrochrome.
A trader from South China mentioned, "We offer RMB9,000/t (USD1,308/t) EXW D/P and could accept the price as low as RMB8,900/t (USD1,293/t) for Zimbabwean HC ferrochrome Cr58%min C8%max at present, in line with mid this week". They did not conclude any deal this week and last sold around 100t at RMB9,000/t (USD1,308/t) EXW D/P in early April. They hold pessimistic attitudes and predict the mainstream prices would move down in the coming week.
The trader, based on a regular monthly trading volume of around 1,000t of Zimbabwean HC ferrochrome Cr58%min C8%max, predicts to sell around 500t in April, down by around 500t from last month. They hold no stock at present.
A trader from North China disclosed, "We quote RMB8,600/t (USD1,250/t) EXW D/P for Zimbabwean HC ferrochrome Cr58%min C8%max with no concession at present, unchanged from mid this week". They sold around 30t at RMB8,600/t (USD1,250/t) early this week. They hold negative attitudes towards the market prices because of the decreased prices of domestic HC ferrochrome. They estimate the mainstream prices would decrease in the following week, and they might decrease their price as well.
The trader, based on a regular monthly trading volume of around 300t of Zimbabwean HC ferrochrome Cr58%min C8%max, predicts to sell around 200t in April, unchanged from last month. They hold around 1,000t of stocks at present.
A trader from South China mentioned, "We offer RMB9,000/t (USD1,308/t) EXW D/P and could accept the price as low as RMB8,900/t (USD1,293/t) for Zimbabwean HC ferrochrome Cr58%min C8%max at present, in line with mid this week". They did not conclude any deal this week and last sold around 100t at RMB9,000/t (USD1,308/t) EXW D/P in early April. They hold pessimistic attitudes and predict the mainstream prices would move down in the coming week.
The trader, based on a regular monthly trading volume of around 1,000t of Zimbabwean HC ferrochrome Cr58%min C8%max, predicts to sell around 500t in April, down by around 500t from last month. They hold no stock at present.
A trader from North China disclosed, "We quote RMB8,600/t (USD1,250/t) EXW D/P for Zimbabwean HC ferrochrome Cr58%min C8%max with no concession at present, unchanged from mid this week". They sold around 30t at RMB8,600/t (USD1,250/t) early this week. They hold negative attitudes towards the market prices because of the decreased prices of domestic HC ferrochrome. They estimate the mainstream prices would decrease in the following week, and they might decrease their price as well.
The trader, based on a regular monthly trading volume of around 300t of Zimbabwean HC ferrochrome Cr58%min C8%max, predicts to sell around 200t in April, unchanged from last month. They hold around 1,000t of stocks at present.
