Bullish Expectations Priced In Early, Ferrochrome Retail Prices Continue to Strengthen [SMM Daily Review]

On February 13, the quoted price of high-carbon ferrochrome in Inner Mongolia was 7,450-7,650 yuan/mt (50% metal content), up by 50 yuan/mt (50% metal content) compared to the previous trading day. After the holiday, driven by the rising trend in chrome ore prices, the retail price of ferrochrome strengthened and increased. On one hand, ferrochrome prices are already at a low level, leaving limited room for further decline, which has strengthened the price-supporting sentiment among ferrochrome manufacturers. On the other hand, although market expectations for the price increase in next month's steel tender are not very optimistic, the shortage in the retail market and the influence of market sentiment continue to push retail prices upward.

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