China: Ferro chrome market witnesses continued decline amidst weak demand, high costs

High-Carbon Ferrochrome:

The average weekly market price of China's high carbon ferro chrome (Cr: 50%; C: 6-8%) was RMB 8,600/t ($1,200/t), down 0.46% from last week. The mainstream price remained stable at RMB 8,400-8,800/t ($1,174-1,230/t).

Medium-Carbon Ferro chrome:

The average weekly price of China's medium carbon ferro chrome (Cr: 60%; C: 1%) was RMB 13,340/t ($1,865/t), down 0.74% from last week. The mainstream price fell from RMB 13,300-13,500/t ($1,859-1,887/t) last weekend to RMB 13,200-13,400/t ($1,845-1,873/t) this weekend.

Low-Carbon Ferro chrome:

The average weekly market price of China's low carbon ferro chrome (Cr: 60%; C: 0.1%) was RMB 13,990/t ($1,955/t), down 0.71% from last week. The mainstream price decreased from RMB 13,900-14,200/t ($1,943-1,985/t) last weekend to RMB 13,800-14,100/t ($1,929-1,971/t) this weekend.