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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