The market price of ferrochrome shows a steady upward trend

Hainan West Asia Group stated that this week’s external quotation of high carbon ferrochrome---based on FOB Tianjin Port,

FeCr52 price is 1650 USD/MT

FeCr60 price is at 2124 USD/MT

External quotation of low carbon ferrochrome --- based on FOB Tianjin Port,

FeCr 60v10 price is 3164 USD/MT (2.11 USD/LB)

The price of ferrochrome in China is basically the same as the price in the last two weeks, and even has an upward trend, which is consistent with the price trend of high-carbon ferrochrome in Europe. This is mainly because various sellers are optimistic about the price, and most sellers maintain a wait-and-see attitude. .

Relevant salesmen in Hainan and West Asia revealed that they have currently received inquiries about ferrochrome from Pakistan. The prices of competitors’ high carbon ferrochrome are 1.4 USD/LB, medium carbon ferrochrome is 2.2 USD/LB, and low carbon is 2.3 USD. /LB, based on FOB Tianjin Port. The salesman said that the price in West Asia has a great advantage. At present, the customer said that they expect to have a purchase plan within a month.

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