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[ferrro-alloys.com] in the middle of Aug. theSiCr market still maintained the stable, but the dealers had no more confidence for the future market because of weaker slightly high carbon ferrochrome market.

 

So far, the market mainstream price was offered at RMB8000-8100yuan/mt (USD1311-1327/mt,EX-WORK,VAT,CASH)andRMB8100-8200yuan/mt(USD1327-1344,EX-WORK,VAT,ACCEPTENCE).

 

At last week, the three main steel mills respectively published the Sep. purchase price. In the Tisco, the price was RMB6700yuan/mt(USD1098/mt), down RMB 50yuan/mt(USD8.19/mt). the Baosteel price was RMB 6900yuan/mt(USD1131/mt), which kept the same level with the last month. The ZPSS price was 7000yuan/mt(USD1147/mt), up 100yuan/mt(USD16.39/mt). In general, high carbon ferrochrome did not raise the price with the stainless steel market; the market still maintained the low price operation. It was expected that the SiCr would continue the weak tread.