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[ferro-alloys.com] According to the latest news, on Sep. 22nd, the China TISCO firstly started to bid for high carbon ferrochrome in October. The payment way was delivery price with tax by cash. This bid had experienced two inquiries to the last price RMB6,750/mt (USD1,106.5/mt,ex-work,vat) which increased by RMB 50/mt (USD8.19/mt) compared with the last month. The data showed that the TISCO bid price basically was low and presented down trend in the later half year. Even if the price commonly kept stable or rising from other main steel mills in the last month, the TISCO price still declined. This bid reflected that the price had trend to up. Although it could not make decisive influence for the whole market, it also encouraged the confidence of producers at a certain degree.

 

Until now the high carbon ferrochrome market was still stable. Considering the chrome ore price increasing, the ferrochrome suppliers expected that the bid price could rise this time. As the bid purchases were published from, it was expected the high carbon ferrochrome price would not change or rose slightly.

 

The low and micro market showed the stable situation. Since the chrome ore and high carbon ferrochrome had the good trace, the low and micro producers also had strong desire to raise price. However, it was still hard to receive rising price for buyers.

 

For chrome ore, the future goods price lasted up. A certain dealer said that the spot price had also raised a little.46-48% turkey chrome concentrate ore was offered at 46.5-47.5/mtu,42% Pakistan chrome ore price was 46.5/mtu. In a word, the chrome ore market had gradually started to recover.