Electrolytic calcium prices in China keeps stable, and the trading remains thin, since the demand from domestic and overseas buyers does not recover, Asian Metal reported
A producer in Inner Mongolia with the output of 200tpm reported that electrolytic calcium demand keeps shrinking after China cancels the export rebate of some kinds of steel products . "Consumers only purchase the material from hand to mouth," said the source, adding that they keep offers of electrolytic calcium granule 99%min 0-2mm at around RMB35,000-36,000/t (USD5,162-5,310/t) delivered currently, the same with those last month .
The source revealed that electrolytic calcium export market remains flat, since some buyers in Europe are on holiday . "In fact, we suffer a loss at the current price level, and I think the price may not go down in the following weeks," said the source, adding that they hold around 100t of electrolytic calcium on hand .
A Shanghai-based trader with the sales volume of 30-40tpm confirmed that electrolytic calcium market sees few deals concluded in China, and the consumption remains at a low level . "Electrolytic calcium granule prices have been stable for several months, and buyers are not eager to make purchase," said the source, revealing that the mainstream prices stay at around RMB34,000-36,000/t (USD5,015-5,310/t) delivered currently .
The source analyzed that steel plants are enduring hardship, and they try their best to lower production cost . "However, as the current price of electrolytic calcium is on a par with the production cost, I think the market may not go down," said the source, adding that they hold few stocks on hand .
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Tuesday, 24 August 2010
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