High-carbon ferrochrome: Affected by the recent rise in chromium ore prices, the production cost of high-carbon ferrochrome has increased, and manufacturers holding the goods have raised their quotations. On the supply side, the current loss-making situation of manufacturers is difficult to change, and most of them focus on completing long-term contract orders. In addition, it is difficult to see low-priced goods in the market at present, and factories have a strong mentality of supporting prices. On the demand side, steel companies are currently not releasing enough demand, focusing on replenishing stocks on demand, and maintaining a low-price purchasing mentality. The short-term supply and demand stalemate will continue.
Low-carbon ferrochrome: On the supply side, factory quotations are mostly based on flexible quotations based on sales orders and actual transactions. The overall enthusiasm for shipments is average, and most of them are mainly to digest early inventory. In addition, the quotations of manufacturers in some areas are lower than the market, causing market instability and making it difficult for low ferrochrome prices to significantly increase the stimulus from rising costs. On the demand side, the current downstream consumer market situation is sluggish, terminal demand is difficult to increase, transaction atmosphere and volume are limited, and short-term prices still maintain a weak trend.
