Chinese brown fused alumina exporters reduce prices
2023-04-23 08:32:29 [Print]
BEIJING (Asian Metal) 23 Apr 23 – Discouraged by the domestic prices decline, most exporters reduced their prices in the past week to boost sales. Thus, the present prevailing export prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max hoover at USD690-710/t Ex-VAT FOB China, down by USD10/t from early this week. Due to the fierce competition, most exporters intend to cut their prices further to maintain sales, insiders believe that the prevailing export prices of Chinese brown fused alumina would go down in the upcoming week.
A trader in Henan stated, "We kept our export quotation for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max at USD700/t Ex-VAT FOB China a counteroffer of USD10/t at most, down by USD10/t compared with early this week". They closed their last deal late last week when they sold almost 120t at USD700/t. Given the prices decline in domestic market and the weak overseas demand, they decided to reduce their price again to boost sales and believe that that the prevailing export prices of Chinese brown fused alumina would keep reducing in the coming week.
The trader, with a regular monthly trading volume of 200t, they expected to sell about 120t in April, compared with about 180t in March. They have no inventory at present.
Another trader in Shandong quoted USD690/t Ex-VAT FOB China for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max and could give no discount, down by USD10/t from early this week. "Our latest deal dated back to mid-April when we sold about 80t at around USD690t", the trader revealed. Considering the weak market demand and the reduced domestic prices, they would continue to cut their price and believe that the prevailing export prices of Chinese brown fused alumina would decrease in the week to come.
Based on a regular monthly trading volume of 200t, they predicted to sell about 120t in April, compared with around 150t. Currently they have no stock.
A trader in Henan stated, "We kept our export quotation for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max at USD700/t Ex-VAT FOB China a counteroffer of USD10/t at most, down by USD10/t compared with early this week". They closed their last deal late last week when they sold almost 120t at USD700/t. Given the prices decline in domestic market and the weak overseas demand, they decided to reduce their price again to boost sales and believe that that the prevailing export prices of Chinese brown fused alumina would keep reducing in the coming week.
The trader, with a regular monthly trading volume of 200t, they expected to sell about 120t in April, compared with about 180t in March. They have no inventory at present.
Another trader in Shandong quoted USD690/t Ex-VAT FOB China for brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max and could give no discount, down by USD10/t from early this week. "Our latest deal dated back to mid-April when we sold about 80t at around USD690t", the trader revealed. Considering the weak market demand and the reduced domestic prices, they would continue to cut their price and believe that the prevailing export prices of Chinese brown fused alumina would decrease in the week to come.
Based on a regular monthly trading volume of 200t, they predicted to sell about 120t in April, compared with around 150t. Currently they have no stock.
