In June, the operating rate of high-carbon ferrochrome in Hunan was 84.62% (statistics 13, 11 in production), an increase of 46.16%; Capacity release 48.21%, an increase of 26.27%; It is expected to produce 18,900 tons, an increase of 10,300 tons from the previous month.
In June, the domestic non-main production areas (Henan, Jiangsu, Fujian, Shandong, Hebei, Jilin, Liaoning, Yunnan, Chongqing) high-carbon ferrochrome operating rate was 56.25% (statistics of 16 factories, 9 in production), the same as the previous month; Capacity release was 30.25%, up 0.77% from the previous quarter; Production is expected to be 39,500 tons, an increase of 0.1 million tons from the previous month.
In June, South China (Jiangsu, Zhejiang, Fujian, Sichuan, Hunan) low & micro carbon ferrochrome operating rate 55.55% (statistics 18 factories, 10 started), an increase of 22.22%; Capacity release 23.73%, an increase of 11.14%; It is expected to produce 0.9800 tons, an increase of 0.46 million tons from the previous month.
In June, the operating rate of high-carbon ferrochrome in Shanxi was 53.33% (statistics 15, 8 started), an increase of 6.66%; Capacity release 41.73%, an increase of 9.24%; Production is expected to be 42,900 tons, up 0.95 million tons from the previous month.
This week, the price of low-micro carbon ferrochrome continued to drop 100 yuan /60 base tons and is still in a weak finishing market, and this round of prices change have fallen 300 yuan /60 base tons. The current market mainstream offer: low 25/14200-14700; Micro 10/14300-14900; Micro 6/14600-15300 (Yuan /60 base tons, cash including tax delivered).
Looking at the entire chrome market, there is currently a lack of favorable factors. Falling costs, rising production and light demand have led to a correction in ferrochrome quotes. As there are bearish expectations in the future market, and there is no inventory in the factory, dealers are cleaning up inventory and suspent supplement, and the procurement considerations of end users are more stringent, the counteroffer price continues to fall, and the purchase volume is also reserved.
It does not rule out some factories who have cost advantages continue to make prices concessions to win the market limited order , leading the market trend.
