Chinese black silicon carbide export market sees sales decline
2023-04-21 08:26:56 [Print]
BEIJING (Asian Metal) 21 Apr 23 – The Chinese export market saw sales decline since early March due to the weak overseas demand. However, most exporters firmed their prices in the past week based on the firm domestic prices. Hence, the present mainstream export prices of Chinese black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max stand at USD940-970/t FOB China, in line with early this week. Despite that international buyers' demand stay low, most exporters inclined to hold steady their prices considering the firm domestic prices. Insiders estimate that the mainstream export prices of Chinese black silicon carbide would stay flat in the forthcoming week.
A trader in Shanghai revealed, "We expected a sales drop of almost 60t this month owing to sluggish demand, while we exported about 160t in March. However, we quoted USD950/t FOB China for black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.5%max today and could provide a concession of USD10/t at most, on par with early this week". The trader closed their last deal late last week when they sold about 40t at around USD950/t to Taiwan. Although the overseas market demand stays weak, considering the firm domestic prices, they would stick to their price and predict that the prevailing export prices of Chinese black silicon carbide would stay firm in the upcoming week.
The exporter, with a typical monthly trading volume of 200t, expected to export only around 100t in April, compared with about 160t in March. Currently they have no inventory.
Another trader in Ningxia only exported about 40t in April so far due to sluggish demand, while they exported about 60t in March. They offered USD940/t FOB China for black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max without any counteroffer, unchanged from early this week. The trader revealed, "We concluded our last deal in mid-April when we sold about 40t to South Korea at around USD940/t. That's our only deal this month". Despite the weak demand, supported by the firm domestic prices, they would keep their price unchanged and believe that the prevailing export prices of Chinese black silicon carbide would stay stable in the week to come.
On basis of a regular monthly trading volume of 100t, they predicted to export about 40t in April, compared with 60t last monh. They have no stock at present.
A trader in Shanghai revealed, "We expected a sales drop of almost 60t this month owing to sluggish demand, while we exported about 160t in March. However, we quoted USD950/t FOB China for black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.5%max today and could provide a concession of USD10/t at most, on par with early this week". The trader closed their last deal late last week when they sold about 40t at around USD950/t to Taiwan. Although the overseas market demand stays weak, considering the firm domestic prices, they would stick to their price and predict that the prevailing export prices of Chinese black silicon carbide would stay firm in the upcoming week.
The exporter, with a typical monthly trading volume of 200t, expected to export only around 100t in April, compared with about 160t in March. Currently they have no inventory.
Another trader in Ningxia only exported about 40t in April so far due to sluggish demand, while they exported about 60t in March. They offered USD940/t FOB China for black silicon carbide 88%min 0-10mm Fe2O3 3%max free C 2.6%max without any counteroffer, unchanged from early this week. The trader revealed, "We concluded our last deal in mid-April when we sold about 40t to South Korea at around USD940/t. That's our only deal this month". Despite the weak demand, supported by the firm domestic prices, they would keep their price unchanged and believe that the prevailing export prices of Chinese black silicon carbide would stay stable in the week to come.
On basis of a regular monthly trading volume of 100t, they predicted to export about 40t in April, compared with 60t last monh. They have no stock at present.
