India: Ferro chrome prices fall for 4 weeks straight
Nov 20, 2020 11:00
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Indian ferro chrome prices have been falling for continuous 4 weeks now. However, producers believe that the demand might rebound from China later this month or in early December, and hence are not reducing their production volumes in the Jajpur area.
This has had a cascading effect on the domestic market, as the producers are now desperate to sell and are competing against each other for the limited demand. As major producers are lowering down their offer levels in the domestic market due to a liquidity crisis, it is forcing other