Low-carbon ferrochrome market is expected to improve in March

After the low carbon ferrochrome Yang Yang after the suppression, the price rose quickly 600-700 yuan /50 base tons began to fall, by now the cumulative decline of 400-500 yuan /60 base tons, almost to give up the previous increase, and the trend of weak operation is continuing. Current market mainstream quotation: low 25/14900-15300; Micro 10/15100-15500; Micro 6/15400-15900 (Yuan /60 base ton, cash including tax delivered).

In addition to chromium ore, silicon chromium and other cost support led to iron price reduction space, the imbalance between supply and demand is the most direct factor leading to low carbon ferrochrome prices continued to fall. Steel mills consume more inventory before the year, the amount of new bidding is less, and dealers profit inventory into the market, price competition started. Steel mills are not in the next round of the purchasing cycle, so far consumption has been slow to lift, while factory output is slowly picking up. Large factories began to cut prices due to sales pressure, relying on their own production chain advantages, the current offer down to 14600-14800 yuan /60 base ton self-extraction, further pulling down the iron price level. Although it is difficult for other factories to follow the lower prices, they are not immune to the impact. The southern factory is under great production pressure at present, and the iron price jumps near the cost line. Industry insiders believe that the low carbon ferrochrome market is expected to improve only when market demand begins to release in March.