Ferro Chrome Market Prices
The price of low-carbon ferrochrome is currently the mainstream price in the market (yuan/60 basis ton, ex-factory cash including tax) is V10/13600-14000 lower; V6/13900-14200 lower.
This month's low-carbon ferrochromium steel price adjustment is limited, and the steel mills' month-on-month decline is only 100-200 yuan/60 basis tons, and based on the consideration of winter reserves, there is an increase in quantity purchases, which promotes the return of market confidence. The high chromium bidding price is confirmed, which is better than the industry's expectations. After the price of chromium ore stops falling, some minerals still rise slightly. The price of silicon chromium alloy is stable, and the cost of low-carbon ferrochrome factories is still under pressure. It is difficult to find low-priced sources.
Due to the adjustment of electricity tariffs in the southwest region, the willingness of factories to stop production and maintenance has gradually increased, and the production quantity has also changed due to the interference of the epidemic in the north. However, because the current overall supply volume remains high and the adjustment speed of the relationship between supply and demand is slow, the price of low-carbon ferrochrome will continue to rise in the future. Multiple conditions are supported. For more informations please continue to follow HaiNan West Asia Import & Export Group Co.,Ltd.