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[Ferro-Alloys.com]This week both the domestic and import ferrochrome price kept stable while the decreasing rate of the manufactures further declined. Now the mainstream price of Domestically produced FeCr was RMB6250-6500/mt and the import FeCr price was listed as below: India ferrochrome spot was RMB6,500-6,600/mt(50% Cr basis), South African ferrochrome RMB6,400-6,500/mt (50% Cr basis) and Kazakhstan FeCr RMB7,600-7,700/mt (50% Cr basis). In respect of the futures, India FeCr, USD0.82-0.83lb Cr, South African FeCr, USD0.80-0.82/lb; Kazakhstan FeCr, USD0.93-0.94/lb Cr.
The ferrochrome market in Europe with ferrochrome (Cr 60-65% C6-8%) being offered at USD1.04（-0.01）-1.1/lb Cr and the material with Cr60-70%, C 0.1% being USD2.08-2.15/lb Cr. Meanwhile, US ferrochrome market condition was listed as followed: FeCr (Cr60-65% C6-8%), USD1.12-1.18（-0.01)/lb Cr; FeCr (Cr 65%min C0.05%max), USD2.25-2.28/lb Cr; FeCr (Cr62%min C0.1%max) , USD2.08（+0.01）-2.1（+0.02）/lb Cr.
At middle of Aug., the European chromium metal price turned steady with offers at USD9000-9500/mt and so as to the Chinese market with mainstream price was RMB58000-62000/mt.
Even though most of the quotations of the low carbon ferrochroem did not have much changes, some producers said the sales slowed down in recent weeks. the drop of its raw materials price and the weakened demand from steel mills loosened the LC FeCr price.
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- [Editor:Juan]
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