Dull Market of Chrome Ore despite Termination of Declining Price of Ferrochrome

[Ferro-Alloys.com]All the ferrochrome plants in Inner Mongolia have been shut down since Oct. 28 due to the APEC in Beijing. And they will not be resumed until Nov. 12. Thanks to the lower prices of power and coal, Inner Mongolia now is the largest area where ...

[Ferro-Alloys.com]China’s major stainless steel producers, including Tsingshan Group, Baosteel, TISCO and JISCO, released their November’s tender prices for high-carbon ferrochrome in 27-31 October.

[Ferro-Alloys.com]The stockpile of chrome ore in ports remained at around 2.15 million tons in Oct.1-11. The purchasers from downstream posed no positive attitude to make orders for chrome ore. Meanwhile, traders of chrome ore had no desire to sell. The tender...

Turkey Export&Import Statistics of Ferro-chromium in Jan-July, 2014

[Ferro-Alloys.com]WWW.Ferro-Alloys.cn ’s message: As is shown in this picture, the price of ferrochrome in China is presented a downward trend in the past two years.

Over the same period, Cr ores stock at Chinese main ports constantly recorded low. At the end of July, the total stock had decreased to 2.1million tons, decreasing by 22.2% than that of early Jan..

At the end of July, the high carbon FeCr production was stable. Due to the poor market condition, the recovered capacity was not obvious, while the total supply was adequate. The suppliers said the purchasing was not optimistic now for the weak demand.