High-carbon Ferrochrome Prices Fell in April

High-carbon ferrochrome prices fell initially and then rebounded in April. As of May 10, the ex-factory prices of high-carbon ferrochrome natural lump in Inner Mongolia were offered at 9,000-9,100 yuan/mt (Cr 50%, in cash, including tax), 9,000-9,200 yuan/mt (Cr 50%) in Sichuan, and 9,000-9,100 yuan/mt (Cr 50%) in north-west China.

The lowest and highest retail price stood at 8,400 yuan/mt (Cr 50%) and 9,000 yuan/mt (Cr 50%) respectively in the month, and the average price recorded a monthly drop of 50 yuan/mt (Cr 50%).

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