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India: FeCr price stumble as buyers withdraw from market

Indian ferrochrome prices fell down w-o-w owing to the slow buying tendency before the Chinese ferrochrome tenders. Meanwhile, the demand was also affected by the year-end lull in the domestic market. Thus, producers were forced to lower the prices for ferrochrome in line with falling export prices.
Currently, prices in the domestic market are at INR 95,000-96,000/t Ex-Jajpur and around INR 97,000 Ex-Durgapur. However, later last week few deals were concluded at marginally higher levels before the Holi festival. Chinese ferrochrome production still to recover Chinese ferrochrome production has increased in the southern provinces, but it is still not


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