India: FeCr prices on free fall amidst selling pressure
Nov 16, 2020 10:00
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Indian ferro chrome prices have fallen sharply due to low demand from both fronts - domestic and export market. Since India is a net exporter of ferro chrome, declining demand from the exports is adding to the selling pressure on the ferro chrome producers. Indian producers have allotted more quantity in the domestic market, leading to oversupply and fall in prices.
Prices of ferro chrome are down-trending due to a confluence of factors as stated below:
Lower ferro chrome prices in China restricting demand for Indian ferro chrome.
Major producers are facing a severe liquidity crunch, due to persistent low ferro chrome demand.
Chrome ore prices have fallen by around INR 2,000/t, which has