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Daily Review of High carbon Ferro Chromium Market on April 17, 2020
Apr 17,2020 11:35CST
The content below was translated by Tencent automatically for reference.

April 17, stainless steel futures prices are relatively strong, ferrochromium and chromite prices are driven, Inner Mongolia high-carbon ferrochromium ex-factory quotation 5800-5900 yuan / 50 basis tons; northwest 5800-5900 yuan / 50 basis tons, Sichuan mainstream quotation 6000-6100 yuan / 50 basis tons, East China 6100-6200 yuan / 50 basis tons, South and East China quote slightly up the northern market quotation, the North remains stable; The price of chromium mine is still strong. South Africa 40-42% chromium concentrate quotes 28-31 yuan / ton, outer offer price 140-150 US dollars / ton, 424-44% chromium concentrate spot quotation 28-32 yuan / ton, outer offer price 160-170 US dollars / ton, South Africa 38-40% raw ore quotation 31-33 yuan / tonne, in May, chromium ore supply is bound to reduce under Beijing, chromium ore traders will not take the initiative to loosen prices, coupled with the frequency of recent inquiries. Rigid procurement demand from downstream iron mills remains, and despite further easing of local mining and transport restrictions in South Africa, mining prices will not fall rapidly.

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