Chinese ferrosilicon 75%min prices edge up
2023-04-17 08:32:56 [Print]
BEIJING (Asian Metal) 17 Apr 23 – Given reduced supply and more inactive market, most suppliers lifted their prices today. Therefore, the mainstream prices of Chinese ferrosilicon 75%min 200-500mm stand at RMB8,100-8,300/t (USD1,183-1,212/t) EXW D/P at the present, up by RMB100/t (USD15/t) from yesterday. Insiders hold the view that the mainstream prices of Chinese ferrosilicon 75%min would increase slightly before mid next week due to reduced supply and more active market.
A consumer from Shanxi disclosed, "The best price for ferrosilicon 75%min 200-500mm they received today stood at RMB8,300/t (USD1,212/t) Delivered D/P with the freight of RMB150/t (USD22/t) while most suppliers didn't consider any price lower than RMB8,200/t (USD1,198/t) yesterday". They didn't purchased today since they purchased as scheduled currently and last purchased 400t at RMB8,100/t (USD1,183/t) early this week. As the consumer predicts the mainstream prices of Chinese ferrosilicon 75%min would move up early next week because nearly half of suppliers from Fugu, Shaanxi stopped supplying from mid this week, they would purchase advance next week.
The consumer, with the consumption capacity of 36,000tpy, expects to consume about 1,200t this month, up by 400t from the previous month for more active market. They have the inventory of nearly 300t currently.
A producer from Shaanxi mentioned that they would like to sell ferrosilicon 75%min 200-500mm at RMB8,400/t (USD1,227/t) with a concession as much as RMB100/t (USD15/t) today. "We didn't close any deal today and sold 500t at RMB8,200/t (USD1,198/t) yesterday when we insisted on such price", noted the producer, adding that they arranged the shipment about ten days later from yesterday while they arranged shipment within three days after clients placing orders. The producer believes that the mainstream prices of Chinese ferrosilicon 75%min would increase before mid next week due to more active market.
Based on the production capacity of 85,000t, the producer plans to produce around 4,000t in April, up by 2,000t from last month for more deals. They hold no stock at the moment.
A consumer from Shanxi disclosed, "The best price for ferrosilicon 75%min 200-500mm they received today stood at RMB8,300/t (USD1,212/t) Delivered D/P with the freight of RMB150/t (USD22/t) while most suppliers didn't consider any price lower than RMB8,200/t (USD1,198/t) yesterday". They didn't purchased today since they purchased as scheduled currently and last purchased 400t at RMB8,100/t (USD1,183/t) early this week. As the consumer predicts the mainstream prices of Chinese ferrosilicon 75%min would move up early next week because nearly half of suppliers from Fugu, Shaanxi stopped supplying from mid this week, they would purchase advance next week.
The consumer, with the consumption capacity of 36,000tpy, expects to consume about 1,200t this month, up by 400t from the previous month for more active market. They have the inventory of nearly 300t currently.
A producer from Shaanxi mentioned that they would like to sell ferrosilicon 75%min 200-500mm at RMB8,400/t (USD1,227/t) with a concession as much as RMB100/t (USD15/t) today. "We didn't close any deal today and sold 500t at RMB8,200/t (USD1,198/t) yesterday when we insisted on such price", noted the producer, adding that they arranged the shipment about ten days later from yesterday while they arranged shipment within three days after clients placing orders. The producer believes that the mainstream prices of Chinese ferrosilicon 75%min would increase before mid next week due to more active market.
Based on the production capacity of 85,000t, the producer plans to produce around 4,000t in April, up by 2,000t from last month for more deals. They hold no stock at the moment.
