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Print[Ferro-Alloys.com] TISCO launched new purchase price at RMB7350/mt(50% basis ex-work price by cash）, which hit the ferrochrome market seriously. The current quotation of HC FeCr lower to RMB 7400-7500/mt (50% basis ex-work price by cash）in China, many ferrochrome producers in china had to lower the current quotation due to weak demand.
The price of low carton ferrochrome and ex-low carton ferrochrome kept stable without many deals. Although some mills increased the purchase price, the transaction was still not good as many producers expected.FeCr55C25 from Jilin province quoted RMB12, 350-12,450/mt (USD1.990-2,006/mt， export duty not included), and the price from Sichuan province of FeCr55C10 was RMB125,00-12,600/mt (USD2,006-2,022/mt, export duty not included). All the prices above included tax and kept weak.
For international market, the price of South Africa and India increased slightly as they quoted USD0.91-0.93 /b and 0.0.92-0.94/b. HC ferrochrome in Europe went up to USD1.00-1.05/b and in America up to USD 1.02-1.06/b.
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