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At the beginning of the week, the price of high carbon ferrochrome continued to be stable in China, with the price of 8550-8750 yuan/ton. With the high cost of raw materials, the factory production fell into the edge of loss. Smelting plants are also in a difficult state of maintenance, and this situation may still be difficult to break in the short term.
The price of imported chrome ore in China has remained stable, and the price of futures has risen steadily, supporting the strength of the port spot market. At present, Turkey chrome ore concentrate 46-48% is as high as 390-400 USD/mt.