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At the beginning of the week, the high carbon ferrochrome market continues to move weakly and steadily in China, with prices ranging from 8,000-8,100 yuan/ton. The bidding price of steel mills is down, and there is still room for further weakening in retail prices in the future. Factories mainly rely on long-term contract orders.
The chrome ore market continues to show a slight decline, with the price of South African chromium concentrate powder once again lowered by 1 yuan/dmtu. The prices of other minerals are currently weak and stable, and the market lacks positive support. The overall market is still under pressure, and there are still concerns about the future.