India: FeCr prices unchanged with focus shifting to Nov
Oct 30, 2020 10:00
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Indian ferro chrome demand in the domestic market remains low to moderate, meanwhile, the increased chrome ore prices are refraining the producers from lowering their offer levels. The transactions are hovering at around INR 70,000/t, however, a few small deals were done at marginally higher levels.
Meanwhile, the export demand hasn’t picked up, with limited inquiries in the market. The long-term contracts are being concluded, however, demand from the spot market remained low, with limited deals as most buyers await the November Chinese tender prices. The international prices are still lower than in the domestic market,