MYSTEEL: China's FeCr prices to move lower in H2

China's high-carbon ferrochrome (FeCr) market is expected to face downside pressure during the current July-December half, as supply outpaces demand, Mysteel's new report on the commodity suggests. This supply pressure stems from rising domestic output, resurgent overseas shipments and upcoming capacity additions, the report notes.

Spot prices Spot FeCr prices in China are expected to extend their declines in July. The rainy season in southern China is set to fill hydroelectric dams and prompt utilities to trim electricity tariffs, allowing smelters in the region to gradually lift operating rates. This, combined with subdued demand, is