By the end of August， trading has been weak in the Chinese spot market for ferrochrome， although in the contract market is has burst. Some companies have lowered

September buying prices by RMB 50/t making sellers unable to hold their tags. Spot quotations may drop by the same amount， which is why some producers will have to halt manufacture. Domestic prices for HC FeCr (50% Cr) stay at RMB 6，400-6，500/t ($1，133-1，149/t) EXW. Deals are still closed by RMB 6，200-6，400/t ($1，133-1，149/t) EXW. 0ffers of LC FeCr have not moved from RMB 11，700-12，000/t ($2，007-2，040/t) EXW. South African charge chrome is still available to Chinese consumers at $0.81-0.82/lb Cr CFR.

China imported 137，500 t of ferrochrome in July down2% month-on-month. South Africa raised shipments by 13.2% to 91，500 t and Kazakhstan decreased by 27% to 23，900 t. India delivered 12，200 t, which is almost unchanged from the previous period.

• [Editor:Juan]