News summary
The high-carbon ferrochrome market is stable today, with market transactions average, and prices concentrated at 8,700 - 8,900 yuan/50 basis tons. The sentiment of supporting prices in the chromium ore market continues, but transactions are average and may remain on the sidelines in the short term.
Newsletter text
The high-carbon ferrochromium market showed a steady trend today. Although steel prices were finalized, industry quotations were supported by costs and remained stable. The market transaction situation is general. After the purchase price of representative steel mills was introduced in June, purchasing customers had limited enthusiasm for operation. However, with the reduction of coke prices and the adjustment of electricity prices, as well as the increase in production and supply, market operations have been suppressed to a certain extent. Today, the market price of high-carbon ferrochrome is concentrated at 8,700 - 8,900 yuan/50 base tons. Some factories have limited stock, and the quotations maintain a pro-price attitude, but the industry is not highly receptive to high prices. The alloy treasure index price shows that the base price of high-carbon ferrochrome 50 varies among regions. It is 9063 yuan in Shandong, 9249 yuan in Jiangsu, and 9290 yuan in Hunan. The sentiment of supporting prices in the chromium ore market continues, but the actual transaction follow-up performance is average, and the market may maintain a wait-and-see posture in the short term. In the downstream market, internal and external prices of chromium ore have adjusted today. Overall, the upward momentum in the high-carbon ferrochrome market has slowed down despite the absence of significant changes in transactions. Market participants need to continue to pay attention to themcasinocombonusThe bidding performance of his steel mills and the changes in supply, demand and costs in order to grasp market trends. For more market conditions for silicon-manganese, ferrosilicon and ferrochromium, investors can continue to pay attention to the ferroalloy spot website for the latest information.
