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India: FeCr Prices Down on Bearish Market Sentiments

Indian Ferro Chrome prices knocked down by INR 1000/MT amid higher selling pressure on the absence of Chinese demand. The Chinese market continues to remain dull amid severe health conditions in the country, this has forced the Indian producers to allocate higher quantities in the domestic market. Meanwhile, the demand in the domestic market remains dull and therefore the selling pressure on the Ferro Chrome smelters increased.
The domestic market in China witnessed a good raise in the prices on w-o-w basis; due to disruptions in raw material supply to the Ferro Chrome plants and the deliveries of alloys to the Stainless steel Mills. Since the Corona Virus outbreak, road transport restrictions have been tightened, this has created disruptions in the supply-demand

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