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The high carbon ferrochrome market continues to operate weakly, with Chinese prices ranging from 8,000-8,100 yuan/ton. Although there was no significant fluctuation in the market during the week, the continuous price reduction caused by steel mill bidding has led to production falling back to the brink of losses, and the market mentality and sentiment are still pessimistic.
The chrome ore market continues to stabilize and slowly decline, with the price of high-grade chromium concentrate powder further lowered by 1 yuan/dmtu today. The price of Turkey 46-48% chromium concentrate powder is 67-69 yuan/dmtu (down 1 yuan/dmtu), and the price of 48-50% Zimbabwean powder is 58-60 yuan/dmtu (down 1 yuan/dmtu). The market lacks obvious favorable support factors, and downstream factories are trapped in losses, resulting in a relatively obvious pressure on raw material procurement prices. The overall market trend may still not be optimistic in the short term.