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India: FeCr prices lower on week, expected to fall further

Indian ferro chrome prices are marginally lower than the previous week amidst a supply-demand mismatch. Producers with higher inventory are desperate to liquidate the stock to mitigate the cash flow crunch. Meanwhile, suppliers with stable long-term contracts in hand are firm with their offers.
Domestic Scenario Currently, prices are hovering at around INR 66,000-66,500/t in Ex-Jajpur. Meanwhile, in Durgapur, producers are offering at INR 1,000/t higher than Jajpur levels. However, in Jajpur a deal was heard to be concluded at INR 65,000/t, to alleviate the liquidity crisis faced by the company, but this might lead

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