China: Ferro chrome prices remain under pressure amid weak demand

The ferro chrome market witnessed a downtrend this week on poor demand amid oversupply. Prices of the various grades were as follows:

High-carbon ferro chrome: Prices were at RMB 8,850-9,050/t ($1,216-1,243/t), remained unchanged w-o-w.

Medium-carbon ferro chrome: However, prices for medium-carbon ferro chrome diminished by RMB 300/t(41/t) w-o-w and hovered at RMB 13,800-14,000/t ($1,897-1,924/t). All prices are ex-works and include taxes.

Ferro chrome market declines amid oversupply: The ferro chrome market witnessed a slight decline w-o-w with a subdued trading atmosphere. High-carbon ferro chrome prices remained stable, while medium-carbon ferro chrome prices fell marginally. On the other hand, chrome ore prices stayed high, leading to elevated production costs for ferro chrome plants. Despite efforts to support prices, oversupply has weakened ferro chrome prices.