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Today, the high-carbon ferrochromium market is weak and stable for the time being. The price of is 7700-7900 yuan /ton 50% Cr. With the substantial price reduction of steel factory bidding, the factory is once again on the edge of loss, and the production cuts and shutdown have increased.
Today, the market decline of chromium products (chrome ore, ferrochrome) has been slowed down slightly, and there is no obvious sign of fluctuation in the overall market for the time being, but the industry is still worried about the future market. Traders are more cautious in purchasing on demand, and the enthusiasm of downstream steel mills to enter the bidding is not high. Moreover, the low bidding prices of some steel mills have been refreshed one after another, which makes it difficult to eliminate the market pessimism.