Ferrochrome prices slipped again this week with participants holding diverse opinions about the market outlook. Some think that ferrochrome prices may fall further with alloy plants resuming operations and filling up the supply gap. On the other hand, alloy plants are showing reluctance to sell at low prices and are focusing on the delivery of long-term contracts. In the short term the market is rife with pessimistic sentiments.
Aftertheprice decline, the mainstream offer is
around RMB 8,150-8,300/t ($1,243-1,266/t),assome traders and plants
are actively seeking sales toliquidate stocks. With the continuing
decline in HCferrochromeprices in retail markets,ferrochromemanufacturersare short of confidence.
In a holistic view, the output of HCferrochromein
Apr’21is set to expand due to the increased power ration budget in