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Print[ferro-chrome.com] Chinese domestic spot prices of high carbon ferrochrome were steady week on week at CNY 6,850 to 7,000 per tonne as buying activities were limited by more consumers adopting a wait and see attitude.
A Jiangsu based trader said that recent spot deals were concluded at CNY 7,000 per tonne for prompt delivery to plants.
He said that "Domestic prices are stable." The trader added that he had recently bought Indian-origin ferrochrome to China at 84 cents/lb on a CIF/CFR basis.
Other Chinese traders said offers received for Indian-origin ferrochrome were around 84.50 to 85 cents/lb on a CIF/CFR basis.
A trader based in Shanghai however, reported no spot deals this week.
She said that "Buyers and sellers are unwilling to reach agreements on prices and hence no spot deals have been reported. Demand for ferrochrome from stainless steel mills remains weak and they are not in a rush to buy."
She expected prices to hold steady in September.
A Jiangsu based trader said that recent spot deals were concluded at CNY 7,000 per tonne for prompt delivery to plants.
He said that "Domestic prices are stable." The trader added that he had recently bought Indian-origin ferrochrome to China at 84 cents/lb on a CIF/CFR basis.
Other Chinese traders said offers received for Indian-origin ferrochrome were around 84.50 to 85 cents/lb on a CIF/CFR basis.
A trader based in Shanghai however, reported no spot deals this week.
She said that "Buyers and sellers are unwilling to reach agreements on prices and hence no spot deals have been reported. Demand for ferrochrome from stainless steel mills remains weak and they are not in a rush to buy."
She expected prices to hold steady in September.
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