Chinese white fused alumina export market sees stable prices
2023-05-01 07:27:57 [Print]
BEIJING (Asian Metal) 1 May 23 – Supported by the firm domestic prices, most exporters insisted on their prices this week, despite the weak overseas demand. The present mainstream export prices of Chinese white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.35%max SiO2 0.1%max stand at USD630-650/t Ex-VAT FOB China, in line with early this week. As most exporters would stick to their prices considering the stable domestic market, insiders believe that the mainstream export prices of Chinese white fused alumina would keep unchanged in the coming week.
A trader in Henan held their export quotation for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.3%max SiO2 0.1%max stable from early this week at USD640/t Ex-VAT FOB China with discount of as much as USD5/t. The trader disclosed, "We closed our last order in early this week when we export about 60t at around USD635/t ". Despite the weak market demand, they would stick with their prices given the firm domestic prices and predict that the prevailing export prices of Chinese white fused alumina would stay steady in the upcoming week.
Based on a regular monthly trading volume of 200t, they sold about 140t in April, unchanged MoM. Currently they have no stock.
Another exporter in Henan stated, "We kept our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.3%max SiO2 0.1%max unchanged from early this week at USD650/t Ex-VAT FOB China with a concession as much as USD10/t". They closed their last order late last week when they sold about 40t at around USD640/t. In spite of dim end market, given that their domestic suppliers refused to lower prices, they intend to stick to their price and predict that the prevailing export prices of Chinese white fused alumina would keep stable in the week to come.
The trader, with a typical monthly trading volume of 300t, exported about 300t this month, up by nearly 50t from March. They have no inventory currently.
A trader in Henan held their export quotation for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.3%max SiO2 0.1%max stable from early this week at USD640/t Ex-VAT FOB China with discount of as much as USD5/t. The trader disclosed, "We closed our last order in early this week when we export about 60t at around USD635/t ". Despite the weak market demand, they would stick with their prices given the firm domestic prices and predict that the prevailing export prices of Chinese white fused alumina would stay steady in the upcoming week.
Based on a regular monthly trading volume of 200t, they sold about 140t in April, unchanged MoM. Currently they have no stock.
Another exporter in Henan stated, "We kept our price for white fused alumina 99%min 1-3mm Fe2O3 0.08%max Na2O 0.3%max SiO2 0.1%max unchanged from early this week at USD650/t Ex-VAT FOB China with a concession as much as USD10/t". They closed their last order late last week when they sold about 40t at around USD640/t. In spite of dim end market, given that their domestic suppliers refused to lower prices, they intend to stick to their price and predict that the prevailing export prices of Chinese white fused alumina would keep stable in the week to come.
The trader, with a typical monthly trading volume of 300t, exported about 300t this month, up by nearly 50t from March. They have no inventory currently.
