Chrome Ore Prices Rise Slightly, Ferrochrome Prices Remain Stable [SMM Daily Review]

On January 14, the quoted price of high-carbon ferrochrome in Inner Mongolia was 7,000-7,200 yuan/mt (50% metal content), unchanged from the previous trading day. Recently, ferrochrome manufacturers have been stockpiling intensively before the holiday, leading to an increase in the trading volume of chrome ore. Meanwhile, the cost of chrome ore arriving at ports is relatively high, prompting chrome ore traders to attempt to raise prices, resulting in a slight uptick in ore prices. Although the production cost of ferrochrome has risen, the insufficient downstream demand and inadequate production cuts by ferrochrome manufacturers have led to a market supply that is still expected to remain in surplus. Overall market sentiment is relatively sluggish, and no significant fluctuations are expected before the holiday.》Subscribe to view SMM historical spot metal prices.