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The high carbon ferrochrome market remains stable in China. Currently, the price is 8,700-8,800 yuan/ton, and the cost of raw materials continues to increase slightly. This supports strong willingness from factories to raise prices. However, the production release on the supply side is at a high level, and the terminal's ability to accept high prices is limited.
The chrome ore market continued to stabilize with a slight increase. After a slight increase in the prices of South African chrome ore and high-grade chrome concentrate, the mainstream chrome ore lumps prices also slightly increased by 1 yuan/dmtu at the beginning of the week.