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The high carbon ferrochrome market maintains a weak operating rhythm, with prices ranging from 7,600-7,700 yuan/ton in China. Although the decline in steel mill bidding prices has further expanded, the adjustment of factory quotations has been relatively slow. Some industry players are also watching and waiting for Baosteel Desheng's December high carbon ferrochrome bidding price to decide.
The chrome ore market continues to operate weakly, with the further expansion of the decline in the bidding prices of ferrochrome by downstream steel mills, resulting in significant pressure on chrome ore prices. Some foreign suppliers' prices have also fallen by 5-10 US dollars/ton again, and the future market trend is still relatively worrying. The price of Turkey, Pakistan and Albania chrome ore lumps is down by 5-10 US dollars/ton.