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The price of ferrochrome in India remained stable despite weak demand in domestic and export markets. Producers maintain prices in an inactive market and seek further clarification. The HC 60% grade ferrochrome provided by most producers is 94000-95000 rupees / ton EXW Jajpur. The price quoted by Chinese buyers is 86-88 cents / pound, and the price quoted by CNF China is about 90 cents / pound.
The price of chrome ore concentrate imported from South Africa by China fell by 15% on the basis of CNF, because the buyer had a hard negotiation and reached a deal at a lower price of about US $200 / mt, CNF China. Meanwhile, OMC lowered the reserve price of the upcoming chrome ore auction.