Chinese HC ferrochrome suppliers hold positive attitudes
2023-05-01 07:28:19 [Print]
BEIJING (Asian Metal) 1 May 23 – Most suppliers hold positive attitudes due to the purchase prices of steel mills unchanged in May. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB8,500-8,700/t (USD1,228-1,256/t) EXW D/P, unchanged from mid this week. Insiders predict the mainstream prices would increase in the coming week due to the positive attitudes.
A trader from North China mentioned that they hold positive attitudes and predict the mainstream prices would increase in the coming week. "We quote RMB8,800/t (USD1,271/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,700/t (USD1,256/t) at the moment, unchanged from mid this week", adding the trader. They last sold around 30t at RMB8,700/t (USD1,256/t) EXW D/P mid this week. They predict the market demand would recover in May and predict that they could sell around 3,000t in May, up by around 500t from April. They might increase their price in the following week.
The trader, based on a regular monthly trading volume of around 3,000t of HC ferrochrome Cr52%min C8%max, predicts to sell around 3,000t in May, up by around 500t from April. They have around 100t of stocks at present.
A trader from North China mentioned, "We hold positive attitudes towards the market outlook and estimate the mainstream prices would move up in the following week". They might increase their price as well in the coming week. They quote RMB8,800/t (USD1,271/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, in line with mid this week. They last sold around 60t at RMB8,800/t (USD1,271/t) EXW D/P mid this week.
The trader, based on a regular monthly trading volume of around 200t of HC ferrochrome Cr52%min C8%max, estimates to sell around 200t in May, in line with April. They have around 60t of stocks at the moment.
A trader from North China mentioned that they hold positive attitudes and predict the mainstream prices would increase in the coming week. "We quote RMB8,800/t (USD1,271/t) EXW D/P for HC ferrochrome Cr52%min C8%max and could accept the price as low as RMB8,700/t (USD1,256/t) at the moment, unchanged from mid this week", adding the trader. They last sold around 30t at RMB8,700/t (USD1,256/t) EXW D/P mid this week. They predict the market demand would recover in May and predict that they could sell around 3,000t in May, up by around 500t from April. They might increase their price in the following week.
The trader, based on a regular monthly trading volume of around 3,000t of HC ferrochrome Cr52%min C8%max, predicts to sell around 3,000t in May, up by around 500t from April. They have around 100t of stocks at present.
A trader from North China mentioned, "We hold positive attitudes towards the market outlook and estimate the mainstream prices would move up in the following week". They might increase their price as well in the coming week. They quote RMB8,800/t (USD1,271/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, in line with mid this week. They last sold around 60t at RMB8,800/t (USD1,271/t) EXW D/P mid this week.
The trader, based on a regular monthly trading volume of around 200t of HC ferrochrome Cr52%min C8%max, estimates to sell around 200t in May, in line with April. They have around 60t of stocks at the moment.
