European ferrosilicon suppliers negative about the outlook
2023-04-14 10:36:02 [Print]
BEIJING (Asian Metal) 14 Apr 23 - Upon the slow-down demand, the spot market in Europe sees few orders this week, and the current mainstream prices of ferrosilicon 75%min 10-50mm in Europe hover at EUR1,700-1,800/t (USD1,880-1,990/t) in warehouse Rotterdam, unchanged from early last week. Given the appreciating EUR against USD and slow demand, insiders foresee the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would slip next week.
A trader in Central Europe disclosed that his current offer for ferrosilicon 75%min 10-50mm stands at EUR1,800/t (USD1,990/t) D.D.P covered the logistic of EUR30/t (USD33/t) with the discount of EUR20/t (USD22/t) at most, in line with his price early last week, while he didn't close any deals this week. "I last sold 100t at EUR1,850/t (USD2,046/t) three weeks ago, and my major clients usually purchase 100t every time but only plan to buy 20t now," revealed the trader on Thursday. He added that the Brazilian ferrosilicon prices stay flat and EUR turned stronger against USD, and he predicts the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down next week.
With a regular monthly trading amount of 300t for ferrosilicon, the trader expects to sell around 100t in April, down by 100t from last month, holding around 300t in stock.
Another trader in West Europe disclosed that his current offer for ferrosilicon 75%min 10-50mm stands at EUR1,750/t (USD1,935/t) D.D.P covered the transport fee of about EUR35/t (USD38/t), and he sold 50t at EUR1,750/t (USD1,935) this week, in line with his price early last week. "The demand turned slow now as most clients minimize their purchase amounts upon their lower consumption and bearish attitudes toward the outlook," revealed the trader on Thursday. He foresees the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down next week upon the appreciating EUR against USD and lackluster market.
The trader, based on a regular monthly trading amount of 500t for ferrosilicon, foresees to sell around 200t in April, down by 200t from last month, holding around 500t in stock.
A trader in Central Europe disclosed that his current offer for ferrosilicon 75%min 10-50mm stands at EUR1,800/t (USD1,990/t) D.D.P covered the logistic of EUR30/t (USD33/t) with the discount of EUR20/t (USD22/t) at most, in line with his price early last week, while he didn't close any deals this week. "I last sold 100t at EUR1,850/t (USD2,046/t) three weeks ago, and my major clients usually purchase 100t every time but only plan to buy 20t now," revealed the trader on Thursday. He added that the Brazilian ferrosilicon prices stay flat and EUR turned stronger against USD, and he predicts the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down next week.
With a regular monthly trading amount of 300t for ferrosilicon, the trader expects to sell around 100t in April, down by 100t from last month, holding around 300t in stock.
Another trader in West Europe disclosed that his current offer for ferrosilicon 75%min 10-50mm stands at EUR1,750/t (USD1,935/t) D.D.P covered the transport fee of about EUR35/t (USD38/t), and he sold 50t at EUR1,750/t (USD1,935) this week, in line with his price early last week. "The demand turned slow now as most clients minimize their purchase amounts upon their lower consumption and bearish attitudes toward the outlook," revealed the trader on Thursday. He foresees the mainstream prices of ferrosilicon 75%min 10-50mm in Europe would go down next week upon the appreciating EUR against USD and lackluster market.
The trader, based on a regular monthly trading amount of 500t for ferrosilicon, foresees to sell around 200t in April, down by 200t from last month, holding around 500t in stock.
