This week, the price of high-carbon ferrochrome continued to fall, the cost continuing to fall provides conditions for the fall in steel prices, and the South African chromium mine callback triggered the industry’s concern about the reduction of steel bidding prices in July. And with the release of chromium iron production enterprises and new production capacity, the pattern of strong supply and weak demand re-emerged, downstream procurement attitude is cautious, and the willingness to wait and see is clear.
Low carbon ferrochrome prices are still in a weak position, looking at the overall chrome market, the current lack of favorable factors. Falling costs, rising production, and interwoven demand lists affect ferrochrome products, leading to a pullback in steel prices. As there are bearish expectations in the future market, and there is no spot sale in the factory, dealers clean up inventory in time and do not supplement, and the procurement considerations of end users are more stringent, the counteroffer price continues to fall, and the purchase volume is also reserved.
The difference in electricity prices and whether silicon chromium can be self-sufficient also determine the uneven cost of the factory, so it is not ruled out that individual factories with outstanding cost advantages continue to make concessions in price to win limited orders in the market and lead the market trend.
The latest purchase price of high-carbon ferrochrome has been lowered, and the down price of steel bidding in July basically realized in advance, but because the retail price has been adjusted first, and the import cost of chromium ore is still high, and there is just need to increase, the price of chromium ore is limited, and the steel price is difficult to fall. Ferrochrome prices are expected to fall slightly next week.
