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China's FeCr prices fall to 4-month low on fundamentals

ABSTRACT

Chinese prices of high-carbon ferrochrome (FeCr) under Mysteel's survey continued to show signs of weakening last week as the mismatch between domestic FeCr demand and supply is causing market sentiment to turn bearish.
As of November 17, the spot price of FeCr with 55% Cr content in North China's Inner Mongolia as assessed by Mysteel had edged down by Yuan 300/tonne ($47/t) on week to Yuan 9,900/t EXW and including the 13% VAT, a new low since July 19.   The power usage restrictions imposed

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