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The price of high carbon ferrochrome in China is stable, with a current price of 8,800-8,900 yuan/ton. Although the price of raw material chrome ore is still at a high level and production costs continue to form certain support, the supply and demand situation is relatively unbalanced, leading to continued pressure on the future market. The off-season market trend may not be optimistic.
The price of medium and low carbon ferrochrome has slightly declined. With relatively poor performance on the demand side, the new round of steel plant procurement is slow, leading to a gradual decline in the market. Factories are reducing prices and seeking more shipments. However, the actual transaction performance is relatively lackluster, and the future may still face some pressure.
The price of chrome ore remains in a high level trend. Although some miners' offers have slightly weakened during the week, the overall decline space is relatively limited, and the industrial chain is still in a stalemate and game state. Some Chinese port traders have offered higher prices, but the actual market sentiment is average. In the future, they may still face the risk of decrease.