Multiple sources indicated July bidding prices of HC FeCr tended to remain flat with last month. Some steel mills might increase purchase price due to reduced volume, but the purchase prices were unlikely to rise with large ranges due to adequate supply in Chi...

In May, the FeCr import of China was 200,226tons, up by 4.5% month on month and 126% year on year. Throughout the data in recent months, the FeCr import in May was still in high level.

Major steel mills and ferrochrome producers considered the present price of FeCr prices bottomed and it was likely to rise inQ3 in China.

Till the end of this week, the imported prices of ferrochrome CIF Chinese ports had been as follows, India ferrochrome, USD0.82-0.83/lb Cr; South African ferrochrome, USD0.81-0.82/lb;

This week steel mills gradually released their June purchase prices of FeCr in China and the basic situation was that the steel mills had kept normal volume with generally cutting RMB50/mt over last month

It was acknowledged that one major stainless steel mill of China-Tsingshan Group had settled the high carbon ferrochrome benchmark price at RMBXX/mt, falling by RMBXX/mt than that of Apr.

It was acknowledged that one major stainless steel mill of China-Jiuquan Iron & Steel (Group) Co., Ltd (Tisco) had settled the high carbon ferrochrome benchmark price at RMBXX/mt

According to the latest statistics, from Jan. to Apr., the total import volume of high carbon ferrochrome of Japan was 242thousand tons, rising by 19.8% compared with that of last year