Chinese ferrosilicon market still dull
2009-01-09 08:50:06 【Print】
BEIJING (Asian Metal) 9 Jan 09 - Chinese ferrosilicon market generally remains dull, with current prices in the range of RMB5,450-5,550/t (USD798-813/t) delivered to Tianjin and USD1,010-1,030/t FOB CMP for ferrosilicon 72% and RMB5,600-5,700/t (USD820-835/t) delivered to Tianjin and USD1,030-1,050/t FOB CMP for ferrosilicon 75%. In the export market, there are few deals concluded, and suppliers mainly sell the material to Chinese steel mills.
A trader in Gansu, who usually exports 500-800tpm of ferrosilicon, expects to purchase 500t of ferrosilicon 72%, 50-100mm for RMB5,500/t (USD805/t) delivered to Shanghai, but has not made the deals yet. "There are more orders in Chinese domestic market, but the export market is quiet," said the source. "I think the market will keep stable in the coming weeks."
The source offers USD1,070/t FOB CMP for ferrosilicon 75%,10-50mm and USD1,060/t FOB CMP for ferrosilicon 72%, 10-50mm, but has not made any deals these days.
A smelter in Ningxia, who usually exports 60,000-70,000tpy of ferrosilicon, offers RMB5,600/t (USD820/t) delivered to Tianjin port for ferrosilicon 72%, 50-100mm and mainly sells the material to some long-term customers. "Although the market is very slow, we can not accept any lower prices," said the source.
Meanwhile, a trader in Tianjin, who usually exports 1,000-1,500tpm of ferrosilicon, offers USD1,090/t FOB CMP for ferrosilicon 72%, 50-100mm in the export market. "The demand is very slow, and we have made few deals in the past weeks," said the source. "I think the market will keep slow in the coming weeks."
A Gansu-based smelter, with a production capacity of 200,000tpy of ferrosilicon, sells ferrosilicon 72% for RMB5,600/t (USD820/t) delivered to some steel mills, but has not made any deals in the export market in the past several months. "The demand is very slow for export, and we only sell the material to some long-term customers," said the producer.
The source offers USD1,060/t FOB CMP for ferrosilicon 72%, 50-100mm, but has not made any deals these days.
A trader in Gansu, who usually exports 500-800tpm of ferrosilicon, expects to purchase 500t of ferrosilicon 72%, 50-100mm for RMB5,500/t (USD805/t) delivered to Shanghai, but has not made the deals yet. "There are more orders in Chinese domestic market, but the export market is quiet," said the source. "I think the market will keep stable in the coming weeks."
The source offers USD1,070/t FOB CMP for ferrosilicon 75%,10-50mm and USD1,060/t FOB CMP for ferrosilicon 72%, 10-50mm, but has not made any deals these days.
A smelter in Ningxia, who usually exports 60,000-70,000tpy of ferrosilicon, offers RMB5,600/t (USD820/t) delivered to Tianjin port for ferrosilicon 72%, 50-100mm and mainly sells the material to some long-term customers. "Although the market is very slow, we can not accept any lower prices," said the source.
Meanwhile, a trader in Tianjin, who usually exports 1,000-1,500tpm of ferrosilicon, offers USD1,090/t FOB CMP for ferrosilicon 72%, 50-100mm in the export market. "The demand is very slow, and we have made few deals in the past weeks," said the source. "I think the market will keep slow in the coming weeks."
A Gansu-based smelter, with a production capacity of 200,000tpy of ferrosilicon, sells ferrosilicon 72% for RMB5,600/t (USD820/t) delivered to some steel mills, but has not made any deals in the export market in the past several months. "The demand is very slow for export, and we only sell the material to some long-term customers," said the producer.
The source offers USD1,060/t FOB CMP for ferrosilicon 72%, 50-100mm, but has not made any deals these days.
