Daily Review of High carbon ferrochromium on April 22, 2020

On April 22, the rising price of stainless steel futures market in the lower reaches of today has dropped somewhat, the spot market quotation has also been reduced, the quotation of high carbon ferrochromium is relatively stable, the ex-factory price of high carbon ferrochromium in Inner Mongolia is 5900-6000 yuan / 50 basis tons, the northwest 58506000 yuan / 50 basis tons, the mainstream quotation of natural blocks in Sichuan is 6000-6200 yuan / 50 basis tons, East China 6100-6200 yuan / 50 basis tons; However, in the second half of April, many manufacturers still reduced production and maintenance, and monthly production is expected to drop by nearly 50 per cent. Coupled with export restrictions in South Africa and Zimbabwe, the national supply of high-carbon ferrochromium may be reduced by nearly 100000 tons in May.