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The bidding price of high-carbon chrome fell sharply in August. The price of ferrochrome continued to fall in China. Among them, the price of high-carbon ferrochrome fell again by 100 yuan/ton, and the transaction price of high-carbon ferrochrome in China has fallen to 7700-7900 yuan / ton 50% Cr.
Considering the cost factor, the ferrochrome plants will mainly reduce the price of chrome ore procurement. The recent market demand performance is weak, the actual transaction is limited, and the enthusiasm of market procurement and offer is relatively general. In the short term, the possibility of market demand improvement is limited. It is expected that the chrome ore market will be dominated by weak operation.