[Ferro-Alloys.com]Domestic supply of high-carbon ferrochrome became sufficient last week as there were stocks for most high-carbon ferrochrome producers, but the prices still remained strong. On the other hand, we can see the determination that the producers would increase their prices when TISCO raised its tender price for high-carbon ferrochrome in March as the price was a result of the producers’ quotations. In the meantime, China’s largest low-carbon ferrochrome producers lowered its price further, which exacerbated domestic competition in low-carbon ferrochrome market due to its large amount of supply. The strong prices of high-carbon ferrochrome and the new tender price from TISCO put the price into an uptrend channel, which would be a good sign for domestic ferrochrome market.

 

This week, HC FeCr prices were mainly quoted at RMB6,300-6,400/MT in Sichuan and Inner Mongolia. Imported futures HC FeCr from South Africa, India, Kazakhstan were mainly quoted at US$0.78-0.79/lb Cr, US$0.82-0.83/lb Cr, US$0.88-0.89/lb Cr respectively. Imported spot HC FeCr from South Africa, India, Kazakhstan were mainly quoted at RMB6,400-6,500/50MT, RMB6,500-6,600/50MT, RMB7,300-7,600/50MT respectively.

 

EU HC FeCr (C 6-8%, Cr 60-65%) was mainly quoted at US$0.99-1.02/lb Cr, and LC FeCr (C 0.1%, Cr 60-70%) was mainly quoted at US$2.03-2.08/lb Cr last week. US HC FeCr （C6-8%,Cr60-65%）was mainly quoted at US$1.1-1.12/lb Cr (FOB Pittsburgh), and LC FeCr (C0.1%, Cr62+%) was mainly quoted at US$2.09-2.11/lb Cr.

 

The prices for LC and MC FeCr remained stable this week. The prices of LC FeCr C50, C25 were RMB11,000/T, RMB11,200/T in Qinghai. Meanwhile, the mainstream prices for silicon chromium were RMB7,500-7,600/T in China. Prices of chrome metal kept weak. The ex-works price for chrome metal was RMB55,000-56,000/T in Jinzhou, and RMB50,000-51,000/T in Henan and Hunan. There was sufficient supply in the market but weak demand. The chrome metal price in EU market remained at USD8,700-9,100/T.

 

Copyright @ 2015 Ferro-Alloys.Com. All Rights Reserved. Please write to sunzhichao@ferro-alloys.com for help.