At the beginning of September, the operating rate for HC ferrochrome plants in Henan province is around 30-40%. The plants in production are facing with thin profits due to the high price of electricity.
Chinese buyers are also not in hurry to purchase imported material because of low demand in summer, with expectations of further price correction in the domestic market and ample supply of low-priced domestic material.“Chinese buyers do not have plans to buy ...
Prices for high-carbon ferrochrome (60% Cr; 6-8% C;3% Si max) in India have been quoted this week at $0.84-0.87/lb Cr F0B India (down $0.01/lb Cr on the lower end of the last week's price range). A batch of the material has been shipped to South America at $0....
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,...
n the last week of Aug., chrome alloy spot market is still silent. Quotations of high-carbon ferrochrome (60-65% Cr6-8% C) stay at last week's $1.04-1.10/lb Cr DDP. 0ne trader offers the alloy (65% Cr) at $1.05-1.06/lb Cr ex-warehouse
In recent week the high carbon ferrochrome totally declined by RMB50-100/mt along with the new round of purchase of steel mills. Now the mainstream price of Domestically produced FeCr was RMB6200-6450/mt. the import FeCr price stayed stable as India ferrochrom...
It was assessed that Ferro Chrome producers were unwilling to correct offers on the background of high production costs from winter power tariffs in South Africa and tight supply as well as high prices of Chrome ore in India. Sellers also had limited spot mate...
The domestic price kept stable this week,with more producers shutting down their furnaces. The bankruptcy for the small companies is inevitable. The supply of the ferrochrome in the market is over sufficient for the market needs, with serious overproduction. ...