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Before China's National holiday, the price of high carbon ferrochrome remained weak and stable, with price at 8,900 to 9,100 yuan/ton. As the bidding price performance of steel mills remained poor, the upstream and downstream of the industry chain continued to be deadlocked, and the industry had some bearish expectations for the future market. It is not ruled out that there is still a risk of further price decline in October.
Before the holiday, the price of chrome ore in China is stable. Although some chrome ore prices have slightly declined in the past two weeks, the overall decline is relatively small. As downstream factories faced cost pressure, they are not actively purchasing raw materials, and it is not ruled out that there is still a certain risk of decline in future ore prices. Currently, the price of 40-42% South African concentrate is 61-63 yuan/dmtu.