[Ferro-Alloys.com]Domestic prices of high-carbon ferrochrome kept strong last week compared to the week earlier as TISCO raised its March tender price. The producers refused lower their prices due to a rise in South Africa origin chrome ore concentrate in recent weeks. On the other hand, China’s major stainless steel makers, including TISCO, JISCO, Tsingshan and Baosteel, would start their domestic purchase of high-carbon ferrochrome in late March for the coming month. Steel mills are seemingly to increase their tender prices for next month amid the strong domestic prices of high-carbon ferrochrome. 

 

This week, HC FeCr prices were mainly quoted at RMB6,300-6,400/MT in Sichuan and Inner Mongolia. Imported futures HC FeCr from South Africa, India, Kazakhstan were mainly quoted at US$0.78-0.79/lb Cr, US$0.82-0.83/lb Cr, US$0.88-0.89/lb Cr respectively. Imported spot HC FeCr from South Africa, India, Kazakhstan were mainly quoted at RMB6,400-6,500/50MT, RMB6,500-6,600/50MT, RMB7,300-7,600/50MT respectively.

 

EU HC FeCr (C 6-8%, Cr 60-65%) was mainly quoted at US$0.99-1.02/lb Cr, and LC FeCr (C 0.1%, Cr 60-70%) was mainly quoted at US$2.03-2.08/lb Cr last week. US HC FeCr （C6-8%,Cr60-65%）was mainly quoted at US$1.1-1.12/lb Cr (FOB Pittsburgh), and LC FeCr (C0.1%, Cr62+%) was mainly quoted at US$2.09-2.11/lb Cr.

 

The prices for LC and MC FeCr remained stable this week. The prices of LC FeCr C50, C25 were RMB11,000/T, RMB11,100/T in Qinghai. Meanwhile, the mainstream prices for silicon chromium were RMB7,500-7,600/T in China. Prices of chrome metal kept weak. The ex-works price for chrome metal was RMB54,000-55,000/T in Jinzhou, and RMB48,000-49,000/T in Henan and Hunan. There was sufficient supply in the market but weak demand. The chrome metal price in EU market remained at USD8,700-9,100/T.

 

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