Chinese imported ferroniobium suppliers optimistic about the market
2023-04-24 08:41:01 [Print]
BEIJING (Asian Metal) 24 Apr 23 - As supply remained tight in the spot market, Chinese imported ferroniobium suppliers remained optimistic about the market in the past week. The mainstream prices of imported ferroniobium 66% hover at RMB228,000-238,000/t (USD33.2-34.6/kg) D/P at present, unchanged from early last week. As most suppliers regain confidence in the market, insiders predict that the mainstream prices would increase slightly in the coming week.
A trader in North China claimed that encouraged by limited supply in the spot market, they remained optimistic about the market. They quote RMB238,000/t (USD34.6/kg) D/P for imported ferroniobium 66% and could accept RMB235,000/t (USD34.1/kg) for orders no less than 10t at the moment, unchanged from early last week. "As the international market prices remain firm, we plan to delay importing and supply in the spot market would remain tight in the coming weeks," said the trader, who last sold about 10t at around RMB235,000/t (USD34.1/kg) to a regular client early last week. As most downstream consumers worry about the market, the trader plans to raise their price by around RMB1,000/t (USD0.1/kg) next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the coming week.
With a regular monthly trading volume of 40t, the trader would sell about 40t in April, unchanged from March. They sold nearly 320t in 2022 and almost 160t so far in 2023. They hold around 20t of stocks now, unchanged from last month.
"We have confidence in the market encouraged by active inquiries from downstream consumers," said a trader in South China, who received two inquiries this week, while they received one inquiry last week. They offer RMB240,000/t (USD34.8/kg) D/P for imported ferroniobium 66% and could accept RMB235,000/t (USD34.1/kg) for orders no less than 20t at present, the same as early last week. They last sold around 20t at about RMB234,000/t (USD33.9/kg) D/P to a regular client in early April. As most consumers remain active in sending inquiries, the trader stays in no hurry to sell next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the following week.
The trader, based on a regular monthly trading volume of 40t, expects to sell around 40t in April, the same as last month. They sold nearly 440t in 2022 and almost 150t so far in 2023. They hold around 10t of stocks now, down by 10t from last month.
A trader in North China claimed that encouraged by limited supply in the spot market, they remained optimistic about the market. They quote RMB238,000/t (USD34.6/kg) D/P for imported ferroniobium 66% and could accept RMB235,000/t (USD34.1/kg) for orders no less than 10t at the moment, unchanged from early last week. "As the international market prices remain firm, we plan to delay importing and supply in the spot market would remain tight in the coming weeks," said the trader, who last sold about 10t at around RMB235,000/t (USD34.1/kg) to a regular client early last week. As most downstream consumers worry about the market, the trader plans to raise their price by around RMB1,000/t (USD0.1/kg) next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the coming week.
With a regular monthly trading volume of 40t, the trader would sell about 40t in April, unchanged from March. They sold nearly 320t in 2022 and almost 160t so far in 2023. They hold around 20t of stocks now, unchanged from last month.
"We have confidence in the market encouraged by active inquiries from downstream consumers," said a trader in South China, who received two inquiries this week, while they received one inquiry last week. They offer RMB240,000/t (USD34.8/kg) D/P for imported ferroniobium 66% and could accept RMB235,000/t (USD34.1/kg) for orders no less than 20t at present, the same as early last week. They last sold around 20t at about RMB234,000/t (USD33.9/kg) D/P to a regular client in early April. As most consumers remain active in sending inquiries, the trader stays in no hurry to sell next week and predicts that the mainstream prices would increase by around RMB1,000/t (USD0.1/kg) in the following week.
The trader, based on a regular monthly trading volume of 40t, expects to sell around 40t in April, the same as last month. They sold nearly 440t in 2022 and almost 150t so far in 2023. They hold around 10t of stocks now, down by 10t from last month.
