This week High C FeCr prices kept steady at , ex-work tax-inclusive price in cash. But spot prices of imported FeCr went down RMB100/mt(USD16/mt) from last week.

This week FeCr producers kept normal production and producers offered much varied quotations. Some producers lowered quotations as Baosteel and Tsingshan Group both lowered July purchase prices of FeCr.

This week the prices of spot chrome ore kept stable as follows chrome ore from South Africa with Cr 40-42% at RMB29.5-31.5/mtu while Cr 44% at RMB31.5-32.5/mtu

In July, most of the Chinese stainless steel mills cut the bidding price for ferrochrome and also altered the payment items about the payment cycle, which impelled ferrochrome producers to hesitate for chrome ore purchase. However, the stockpiles on the Chines...

Multiple sources indicated July bidding prices of HC FeCr tended to remain flat with last month. Some steel mills might increase purchase price due to reduced volume, but the purchase prices were unlikely to rise with large ranges due to adequate supply in Chi...

This week the South African chrome ores concentrates future price rose slightly while other mines stayed stable. As the downstream demand was not well, the traders were cautious for the imports. In the first 5 months, the total chrome ores imports were 4.23mil...

In May, the FeCr import of China was 200,226tons, up by 4.5% month on month and 126% year on year. Throughout the data in recent months, the FeCr import in May was still in high level.

Major steel mills and ferrochrome producers considered the present price of FeCr prices bottomed and it was likely to rise inQ3 in China.