China: Tsingshan raises the bidding price for ferrochrome on April 24th

According to a survey by Hainan West Asia Group, Chinese stainless steel giant Tsingshan has raised the bid price for ferrochrome on April 24th by 500 yuan/ton (69 US dollars/ton) to 8995 yuan/ton of DAP (including tax), with plans to deliver before May 10th, 2024. The delivery price at Tianjin Port will be reduced by 50 yuan/ton (7 US dollars/ton). Ex-Tianjin port , the current price of ferrochrome (HC 50%) in the Chinese spot market is 8650 yuan/ton (1202 US dollars/ton).