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The price of high carbon ferrochrome is relatively weak, with a current price of 8,900-9,000 yuan/ton (down 50 yuan/ton) in North China. As the bidding prices of large stainless steel plants continue to remain stable in July, there has been no significant adjustment for three consecutive months (May, June, and July), which has led to a gradual return of rational market sentiment. The situation of high quotations in the market has decreased, and the upstream and downstream game of the industrial chain is still ongoing. Traders are more cautious in purchasing according to their needs.
The price of medium and low carbon ferrochrome is showing a stable situation, and there are no obvious signs of fluctuations in the overall market. The factory's quotations are mostly focused on stability.
The prices of imported chrome ore in China have remained high and stable. Although the overall market volatility has recently narrowed, the prices of downstream large steel plants' bidding continue to remain stable, which still forms a significant suppression on the market. The game situation is difficult to change.