The Import Price Of FeSi In The Japanese Market Has Declined

Affected by the weakening prices from international suppliers, the mainstream import price of FeSi #75%min 10-50mm in the Japanese market has slightly dropped by $20/MT to $1,200-1,250/MT CFR Japan this week compared to late last week. Due to abundant inventory from international suppliers, industry insiders predict that the mainstream import price of FeSi in Japan will further decline next week.

A Japanese trader revealed that the current offer for FeSi #75%min 10-50mm has reached $1,200/MT CFR Japan with no discount, and he purchased 50 MT at this price on Tuesday, while the supplier insisted on a price of $1,230/MT CFR Japan last Friday. The trader disclosed, "In the past two days, due to ample inventory and reduced demand from magnesium ingot plants, prices have fallen in China, and suppliers have also lowered their prices." He added that he plans to purchase 200 MT but has only bought 50 MT for now because he predicts a further decline in the mainstream import price of Chinese FeSi #75%min 10-50mm in the Japanese market due to the large inventory in China.

The trader's regular monthly import volume is 500 MT, and it is expected to be around 300 MT this month, a decrease of about 200 MT from last month, due to sluggish demand in Japan. They currently hold about 1,000 MT of inventory. Their import volume last year reached around 5,000 MT.

Another Japanese trader disclosed that a regular supplier from Malaysia is offering FeSi #75%min 10-50mm at $1,250/MT CFR Japan, with a maximum discount of $20/MT for spot purchases of over 100 MT, while they purchased 100 MT earlier this week at $1,250/MT. The trader revealed, "My Chinese supplier reduced the price by $20-30/MT to $1,240-1,250/MT CFR with SGS testing compared to late last week, and my Malaysian supplier also correspondingly lowered the price."

He predicted that considering the decline in Chinese import prices due to the large inventory in China, the mainstream import price of Malaysian FeSi #75%min 10-50mm in the Japanese market will further decrease next week.

The trader has a regular monthly import volume of 1,000 MT of FeSi, with an expected import volume of around 500 MT this month, a decrease of about 300 MT from last month due to slow procurement by steel mills. They currently have approximately 2,000 MT of inventory. Their import volume reached around 10,000 MT in 2023. For more market trends or products information please reach us Hainan West Asia Import & Export Group.