keywords :
In terms of futures, most mines will adjust their prices after the introduction of the steel plants' bidding, and short-term transactions are limited. Downstream ferrochrome factories inquire with lower price, but in terms of spot goods, there are relatively few sources of South African chrome ore powder, making it difficult for ferrochrome factories to lower prices. The overall price of chrome ore remains stable.
The production enthusiasm of ferrochrome in April is greatly boosted by the rise in steel plants' demand. In March, China's total import volume of ferrochrome was 306,300 tons, an increase of 22.9% compared to the previous month. Both domestic and overseas supply showed an increasing trend. Retail prices have not seen any upward trend, leading to some factories slightly bearish on the trend of steel plants'bidding. High priced chrome ore has gradually arrived at the port, and production costs have shifted upwards. Factories are less willing to sell at low prices. It is expected that the ferrochrome market will operate weakly and steadily in the near future.