Chinese reductive calcium ingot market moves steadily
2024-04-25 08:12:04 [Print]
BEIJING (Asian Metal) 25 Apr 24 - In view of tightening supply and firm production cost, the mainstream Chinese reductive calcium ingot prices remain firm at the present RMB19,000-19,500/t (USD2,638-2,708/t) EXW D/P, unchanged in the recent two days. Supported by stable demand, buyers purchase the material actively and Chinese reductive calcium ingot market moves steadily. Insiders are of the opinion that the mainstream Chinese reductive calcium ingot prices would stay firm in the coming days.
"I insist on my quotation for reductive calcium ingot at RMB19,500/t (USD2,708/t) EXW D/P and sold 31t today at this level," said a producer in Shanxi, adding that he won't have any material to sell within this week. He last sold about 62t of the metal early this week at RMB19,500/t (USD2,708/t) as well. On account of smooth transactions, firm production cost and tightening supply state, he predicts that the mainstream Chinese reductive calcium ingot prices would remain firm in the coming days.
The producer, with an annual production capacity of 25,000t, predicts to produce about 2,100t of the metal in April and produced about 1,900t in March. He holds no stock now, unchanged from late last month. He produced about 6,200t in Q4 of 2023 and predicts to produce about 8,100t of the metal up till late April in 2024.
"One plant for reductive calcium ingot in Shanxi stopped their production in early April, and the supply began tight; additionally, the upstream aluminum prices remain firm so we hold firm offers for reductive calcium ingot at RMB19,000/t (USD2,638/t) EXW D/P and refuse to accept any price cuts from buyers," said a producer in Shaanxi, adding that he sold 62t today at RMB19,000/t (USD2,638/t) and finalized a deal of 50t early this week at RMB19,000/t (USD2,638/t) as well. Given strong confidence among suppliers and stable purchase from buyers, he predicts that the mainstream reductive calcium ingot prices would remain firm in the coming days.
With an annual production capacity of 15,000t, the producer predicts to produce about 1,200t of the metal in April and produced a similar volume last month. He has no inventory presently, almost identical to late last month. He produced around 3,300t of the metal in Q4 of 2023 and predicts to produce about 4,500t up till late April in 2024.
"I insist on my quotation for reductive calcium ingot at RMB19,500/t (USD2,708/t) EXW D/P and sold 31t today at this level," said a producer in Shanxi, adding that he won't have any material to sell within this week. He last sold about 62t of the metal early this week at RMB19,500/t (USD2,708/t) as well. On account of smooth transactions, firm production cost and tightening supply state, he predicts that the mainstream Chinese reductive calcium ingot prices would remain firm in the coming days.
The producer, with an annual production capacity of 25,000t, predicts to produce about 2,100t of the metal in April and produced about 1,900t in March. He holds no stock now, unchanged from late last month. He produced about 6,200t in Q4 of 2023 and predicts to produce about 8,100t of the metal up till late April in 2024.
"One plant for reductive calcium ingot in Shanxi stopped their production in early April, and the supply began tight; additionally, the upstream aluminum prices remain firm so we hold firm offers for reductive calcium ingot at RMB19,000/t (USD2,638/t) EXW D/P and refuse to accept any price cuts from buyers," said a producer in Shaanxi, adding that he sold 62t today at RMB19,000/t (USD2,638/t) and finalized a deal of 50t early this week at RMB19,000/t (USD2,638/t) as well. Given strong confidence among suppliers and stable purchase from buyers, he predicts that the mainstream reductive calcium ingot prices would remain firm in the coming days.
With an annual production capacity of 15,000t, the producer predicts to produce about 1,200t of the metal in April and produced a similar volume last month. He has no inventory presently, almost identical to late last month. He produced around 3,300t of the metal in Q4 of 2023 and predicts to produce about 4,500t up till late April in 2024.
