Weekly Report of Chromium Market (1.18-1.22): The price of high-carbon ferrochrome rose explosively, and the spot price of high-grade and South African chromium concentrate continued to rise.

A total of 45,956 tonnes of FeSi and 81,576 tonnes of manganese alloys were sold during the quarter ended 31 December 2020.

China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared to 2019.

The 2105 ferrosilicon contract price on ZCE closed at 6988 yuan per ton on January 26.

In December 2020, China exported 18034.584 tons of ferrosilicon (containing by weight more than 55% of silicon).