Chinese ferrochrome market continues to show a weak operation

Recently, Chinese domestic high carbon ferrochrome market continues to show a weak operation. With the weakening of the cost support of raw materials and auxiliary materials, and the power restriction in some production areas has been slightly alleviated. In addition, the bidding price of downstream representative steel plants is low, resulting in the high pressure drop of the overall market. In the face of poor bidding for steel plants, low retail prices appear frequently. Up to now, the mainstream of high carbon ferrochrome in Inner Mongolia has offered 10500-10700 yuan /ton in cash.