[Ferro-Alloys.com]JISCO, Baosteel and Tsingshan released their tender prices for high-carbon ferrochrome in April. JISCO and Tsingshan remained a rollover from previous month, while Tsingshan lowered its price and cut its purchase, which created a same tender price for all of the three companies. Domestic prices of high-carbon ferrochrome kept strong during the previous month, but the new tender prices have failed the producers’ expectation of a rise in the prices. One is because of the stainless steel prices are still in the downtrend, which left no support for the mills to increase the purchasing prices. On the other hand, imported high-carbon prices remained more competitive in the prices, which urged the mills to purchase more for the sake of low costs, and the imported high-carbon ferrochrome increased its market share in China.

 

Last 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, RMB11,100/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 RMB54,000-55,000/T in Jinzhou, and RMB48,000-49,000/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.

 

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