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At present, the HC ferrochrome market is operating steadily in China, with prices ranging from 8,500 to 8,700 yuan/ton. Since decreasing in late June, the cumulative decline in the past month has reached 400 yuan/ton. Overall, there is still a lack of effective positive support, and the retail market has poor transaction performance. Traders are mainly cautious in purchasing, and some low-priced resources continue to flow in the market. It is expected that the weak market situation will be difficult to change in the short term.
The price of chrome ore is running steadily, and the downward trend of South African chrome ore has been temporarily suspended. Market procurement inquiries have slightly rebounded. After the South African chrome ore prices gradually stopped falling, the actual transactions of high-quality chrome ore powder are also relatively limited.