Brazilian ferroniobium market remains quiet in China

4 May 10 – Demand for Brazilian ferroniobium from steel mills remains low in China.Asian Metal Copyright2kg Nb, lower than the first source.Asian Metal Copyright Most suppliers still keep offers stable at around RMB220,000-225,000/t (USD41.Asian Metal Copyright4 in spot market.Asian Metal Copyright3-42.Asian Metal Copyright2kg Nb, lower than the first source.Asian Metal Copyright2/kg Nb), while only few deals are concluded at around RMB210,000/t (39.Asian Metal CopyrightBEIJING Asian Metal 4 May 10 – Demand for Brazilian ferroniobium from steel mills remains low in China.Asian Metal Copyright4) in spot market.Asian Metal Copyright2kg Nb, while only few deals are concluded at around RMB210,000t 39.Asian Metal Copyright Large steel mills can get ferroniobium at lower prices around RMB200,000/t from the sole agent in China, some active participants reported to Asian Metal.Asian Metal Copyright However, downstream consumers stated the price is too high to accept as their products can hardly sell at preferential prices due to low demand.Asian Metal Copyright

A ferroniobium trader in China, who trades around 10-15tpm, quotes RMB220,000-225,000/t(USD41.Asian Metal Copyright2kg Nb, lower than the first source.Asian Metal Copyright3-42.Asian Metal Copyright Ferroniobium market has kept quiet for a long term, and most suppliers expect the market to improve in the near future.Asian Metal Copyright2/kg Nb) this week, the same as that of last week.Asian Metal Copyright A ferroniobium trader in China, who trades around 10-15tpm, quotes RMB220,000-225,000tUSD41.Asian Metal Copyright However, downstream consumers stated the price is too high to accept as their products can hardly sell at preferential prices due to low demand.Asian Metal Copyright2kg Nb, lower than the first source.Asian Metal Copyright The source has little intention of lowering prices to empty stocks.Asian Metal Copyright However, it is unclear to state where the market will go until steel market recovers.Asian Metal Copyright

"We have not made any deals in the past month," said the source, claiming, demand from steel mills does not recover at the beginning of the second quarter, but he will not sell cheap in the coming days as ferroniobium price in Brazilian market remains stable.Asian Metal Copyright Large steel mills can get ferroniobium at lower prices around RMB200,000t from the sole agent in China, some active participants reported to Asian Metal.Asian Metal Copyright With economy recovering stably, construction industry will see an improvement in the coming months, and the source believes demand will improve soon in China accordingly.Asian Metal Copyright Owing to weak demand, there are few consumers send inquiries, not to mention orders, the source reported to Asian Metal.Asian Metal Copyright

"Demand for Brazilian ferroniobium is not strong for the moment," said another trader, who has a regular trading volume to around eight to ten ton.Asian Metal Copyright2kg Nb this week, the same as that of last week.Asian Metal Copyright With no deals having been made for almost one month, the source starts to lower offers to around RMB210,000-220,000/t (USD39.Asian Metal Copyright2kg Nb this week, the same as that of last week.Asian Metal Copyright4-42.Asian Metal Copyright "Demand for Brazilian ferroniobium is not strong for the moment," said another trader, who has a regular trading volume to around eight to ten ton.Asian Metal Copyright2/kg Nb), lower than the first source.Asian Metal Copyright3-42.Asian Metal Copyright Owing to weak demand, there are few consumers send inquiries, not to mention orders, the source reported to Asian Metal.Asian Metal Copyright "We have not made any deals in the past month," said the source, claiming, demand from steel mills does not recover at the beginning of the second quarter, but he will not sell cheap in the coming days as ferroniobium price in Brazilian market remains stable.Asian Metal Copyright

Ferroniobium market has kept quiet for a long term, and most suppliers expect the market to improve in the near future.Asian Metal Copyright3-42.Asian Metal Copyright However, it is unclear to state where the market will go until steel market recovers.Asian Metal CopyrightBEIJING Asian Metal 4 May 10 – Demand for Brazilian ferroniobium from steel mills remains low in China.