Ferrochrome weekly review

The imbalance between supply and demand is the most direct factor leading to the continuous decline in the price of low-carbon ferrochrome. Steel mills before the consumption of more inventory, less new bidding, and dealers profit inventory into the market, price competition began. Steel mills are not in the next purchasing cycle and so far consumption has been slowly picking up, while factory output is slowly picking up. Large factories began to reduce prices due to sales pressure, relying on their own production chain advantages, the current offer dropped to 14600-14800 yuan /60 base tons of self-mining, further pulling down the iron price level. Although it is difficult for other factories to follow the price cut, they are not immune to the impact. Southern factories are currently under great pressure to produce, and iron prices have jumped near the cost line. The industry believes that only after the market demand begins to release in July, the low-carbon ferrochrome market is expected to improve.

This week, the price of low-micro carbon ferrochrome continued to drop 100 yuan /60 base tons and is still in a weak finishing market, and this round of prices have fallen from a high 300 yuan /60 base tons. The current market mainstream offer; v10/14300-14900; v6/14600-15300. Hainan West Asia Import and Export Group, looking at the entire chrome market, believes that the current lack of favorable factors, the follow-up does not rule out individual factories with outstanding cost advantages to win the market limited order prices continue to make concessions, leading the market trend.For more ferrochrome consultation, please pay attention to Hainan West Asia Import and Export Group