Chinese HC ferrochrome prices unchanged
2023-04-21 08:24:29 [Print]
BEIJING (Asian Metal) 21 Apr 23 – Most suppliers keep their prices unchanged from early this week. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB8,400-8,600/t (USD1,220-1,249/t) EXW D/P, unchanged from early this week. Insiders predict the mainstream prices would keep unchanged in the coming week as most suppliers have no plan to change their prices.
A producer from North China disclosed, "We offer RMB8,600/t (USD1,249/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,500/t (USD1,235/t) at present, unchanged from early this week". They last sold around 30t at RMB8,500/t (USD1,235/t) early this week. They explained that they could not decrease their price because they last purchased of around 10,000t at USD283/t CIF Tianjin port of South African concentrate 40%min. They estimate the mainstream prices would keep flat in the coming week and predict the mainstream prices would keep unchanged as well.
The producer, with an annual production capacity of 12,000t of HC ferrochrome Cr52%min C8%max Si5%max, estimates to produce about 7,000t in April, in line with last month. They produced around 22,000t so far in 2023. They have no stock at present.
A trader from South China mentioned that they consider the market shows weak demand as they predict to sell around 20t in April, down by around 10t from last month. "We quote RMB9,000/t (USD1,307/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, unchanged from early this week". They did not conclude any deal today and last sold around 5t at RMB9,000/t (USD1,307/t) early this week. They predict the mainstream prices would keep flat in the coming week and predict the mainstream prices would keep unchanged as well.
The trader, based on a regular monthly trading volume of around 30t of HC ferrochrome Cr52%min C8%max, predicts to sell around 20t in April, down by around 10t from March. They have around 20t of stocks at present.
A producer from North China disclosed, "We offer RMB8,600/t (USD1,249/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,500/t (USD1,235/t) at present, unchanged from early this week". They last sold around 30t at RMB8,500/t (USD1,235/t) early this week. They explained that they could not decrease their price because they last purchased of around 10,000t at USD283/t CIF Tianjin port of South African concentrate 40%min. They estimate the mainstream prices would keep flat in the coming week and predict the mainstream prices would keep unchanged as well.
The producer, with an annual production capacity of 12,000t of HC ferrochrome Cr52%min C8%max Si5%max, estimates to produce about 7,000t in April, in line with last month. They produced around 22,000t so far in 2023. They have no stock at present.
A trader from South China mentioned that they consider the market shows weak demand as they predict to sell around 20t in April, down by around 10t from last month. "We quote RMB9,000/t (USD1,307/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, unchanged from early this week". They did not conclude any deal today and last sold around 5t at RMB9,000/t (USD1,307/t) early this week. They predict the mainstream prices would keep flat in the coming week and predict the mainstream prices would keep unchanged as well.
The trader, based on a regular monthly trading volume of around 30t of HC ferrochrome Cr52%min C8%max, predicts to sell around 20t in April, down by around 10t from March. They have around 20t of stocks at present.
