High carbon ferrochrome market analysis

According to Hainan West Asia Group. Mainstream price of imported high carbon ferrochrome (USD/lb chromium, CIF): South Africa 0.97-0.98; India 0.97-0.98; Kazakhstan iron 1.04-1.07; spot mainstream price (US/7 base tons, port pick up) Zimbabwe $1202-1216; India $1216-1230; Harbin iron $1368-$1382.

Today's high-carbon ferrochrome prices are holding steady for the time being. After a few days of silence, the price of coke rose slightly by $4-$7/ ton. The spot price of chrome ore in the port also remained firm, and it was difficult to find low-priced sources. The cost pressure of ferrochrome plants is greater, and the peak avoidance production situation of southern factories to reduce losses is common; However, the north benefits from electricity prices and process advantages, and the new production capacity of large enterprises has accelerated, and the ferrochrome supply side continues to feel pressure. The price of chrome ore futures has been pulled, and the risk of subsequent accumulation of stainless steel row has increased, which has a certain negative effect on ferrochrome.

If you want to understand more about our products, please contact Hainan West Asia Group.