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.

Mg Prices Still Declined on Falling FeSi Prices and Enough Supply in China

There were several large ferrosilicon furnaces ranging from 25,500KVA to 40,500KVA into operation in China’s Ningxia Hui Autonomous Region and local government enabled more ferrosilicon producers to enjoy preferential power prices in September.

Mg producers kept normal production and statistics showed already operating capacity of magnesium reached 750 thousand tons in Fugu and Shenmu Counties of China’s Shaanxi province.

Support Factors Lacked for FeSi Market Prices in China

Mg Prices Continued to be Flat after National Day Holiday in China