Sources from Xiangwei Everbright New Materials Co., Ltd. revealed to the company that the company is mainly engaged in high-carbon ferrochrome. The producer, which has an annual production capacity of 21,600 tonnes of high-carbon ferrochrome Cr52%min C8%max, expects output in December to be about 10,000 tonnes, about 5,000 tonnes less than in November. So far, they have produced approximately 154,000 tons in 2023 and approximately 16,800 tons in 2022.
Sources from Jilin Ferroalloy Co., Ltd. revealed that China Steel Group Jilin Ferroalloy Co., Ltd. is one of the major producers of low-carbon ferrochromium Cr55%min C0.25%max. The company is expected to reduce production in December. So far, they have produced about 44,000 tons in 2023 and about 48,000 tons in 2022.
This week (12.18-12.22), the price of high-carbon ferrochrome in China increased. Prices of low carbon ferrochrome and silicon chromium increased due to tight supply. The price of high-carbon ferrochrome imported into China remains stable. This week, the price of high-carbon ferrochromium in the ports of Rotterdam and Pittsburgh fell due to the deserted market; the price of low-carbon ferrochrome in the ports of Rotterdam and Pittsburgh fell due to the inactive market. This week, the Chinese port prices of South African chrome ore and Turkish chrome ore remained stable compared with last weekend, as most suppliers have no intention of adjusting prices. The CIF price of China’s imports of South African chrome ore and Turkish chrome ore remained stable.
