WEEKLY: China’s FeCr prices strengthen on optimism
Jan 13, 2021 14:30
See Full-size Table Here
China’s spot ferrochrome (FeCr) price has been up further on the rising costs of raw materials, power supply tightness, and the remaining healthy demand from the Chinese stainless producers, and further strengthening may be likely in the near term, according to Mysteel’s weekly report.
The spot price of FeCr with 55% Cr content in North China’s Inner Mongolia grew Yuan 350/tonne ($54/t) on week to Yuan 6,650/tonne EXW and including 13% VAT as of January 12, according to Mysteel’s assessment, as “production costs for FeCr has been rising, and at the same time ferroalloy