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Home / Metal News / Chrome Ore Futures Prices Strengthen, Ferrochrome Prices Rise on Cost Support [SMM Daily Review]

Chrome Ore Futures Prices Strengthen, Ferrochrome Prices Rise on Cost Support [SMM Daily Review]

iconFeb 11, 2025 17:49
Source:SMM
[SMM Daily Review: Chrome Ore Futures Prices Strengthen, Ferrochrome Prices Rise on Cost Support] On February 11, the quoted price of high-carbon ferrochrome in Inner Mongolia was 7,400-7,600 yuan/mt (50% metal content), up 100 yuan/mt (50% metal content) from the previous trading day...

On February 11, the quoted price of high-carbon ferrochrome in Inner Mongolia was 7,400-7,600 yuan/mt (50% metal content), up by 100 yuan/mt (50% metal content) compared to the previous trading day. Yesterday, major overseas mines announced a new round of futures prices for South African 40-42% chrome concentrates, rising by $27/mt to $230/mt. The spot price of chrome ore was further driven higher, and with ferrochrome retail supply already tight, prices followed the upward trend due to rising costs.

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