The price of low-carbon ferrochrome in China is stable.

As of December 15, 2023, the majority of suppliers are maintaining prices for low-carbon ferrochrome (Cr55%min, C0.25%max), unchanged since the middle of this week. 

Currently, the mainstream price in China for this product is in the range of 14,400-14,600 CNY/MT on a factory cash basis, remaining stable from earlier in the week. Industry insiders predict that the mainstream prices will continue to remain unchanged in the coming week, as most suppliers have no plans to adjust prices.

A trader from Gansu mentioned, "We offer a factory cash price of 15,100 CNY/MT for low-carbon ferrochrome (Cr55%min, C0.25%max), and currently, we can accept prices as low as 15,000 CNY/MT, consistent with the prices from earlier in the week." They received prices of 14,600-14,700 CNY/MT from producers earlier this week. Today, they received an inquiry from a customer wanting to purchase at 14,800 CNY/MT, but they refused to sell at this price. They recently sold around 30 tons at a price of 15,000 CNY/MT in the middle of the week and have no plans to change prices, expecting mainstream prices to remain unchanged in the coming week.

With a regular trading volume of approximately 100 tons per month for low-carbon ferrochrome (Cr55%min, C0.25%max), this trader anticipates selling about 100 tons in December, an increase of around 20 tons compared to November. They currently have around 50 tons in stock.

A consumer from Ningxia revealed, "We have received a quote of 14,800 CNY/MT in cash for low-carbon ferrochrome (Cr55%min, C0.25%max), and there have been no changes since the middle of this week. They plan to purchase around 30 to 60 tons at the end of December or early January. In mid-November, they purchased around 30 tons at a price of 14,400 CNY/MT. They expect mainstream prices to remain stable in the coming week. The consumer's annual consumption capacity for low-carbon ferrochrome (Cr55%min, C0.25%max) is 12,000 tons, with an expected consumption of around 25 tons in December, consistent with November. They currently have approximately 60 tons in stock.

HAINAN WEST ASIA anticipates a stable trend in the ferrochrome market. For more information, please consult HAINAN WEST ASIA.