SHANGHAI, Feb 21 (SMM) - Today, the high-carbon ferrochrome in Inner Mongolia was quoted at 9,100-9,300 yuan/mt (Cr50%) today, flat (Cr50%) from the previous trading day. The market was cautious about the bid prices and the market transactions were light. Operating rates of ferrochrome plants in south China are hard to increase amid the losses and tight chrome ore prices. At this stage, ferrochrome prices will remain stable.
Ferrochrome Prices Unlikely to be High amid Cautious Market Sentiment
Today, the high-carbon ferrochrome in Inner Mongolia was quoted at 9,100-9,300 yuan/mt (Cr50%) today, flat (Cr50%) from the previous trading day.
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