Ferrochrome recent market trends

"Ferroalloy online" 2021-7-19:Since July high carbon ferrochrome after the bidding price, downstream ferrochrome retail prices continue to rise, chrome ore spot prices also conveniently small increase, chrome ore supplier in South Africa in the domestic market, prices high spirits, combined with the local violence in South Africa last week events led to the suspension of transportation, chrome ore supply inevitably will be affected by a certain situation, price increases dramatically.

It is reported that the South African chromium ore supplier offered a price increase of $20 / ton CIF for 38-40% raw ore in the southern market compared with the last round of transaction price;42-44% South Africa powder quotation compared with the last round of transaction price increased by $15 / ton CIF; South Africa 40-42% chrome concentrate (LG) transaction price increased from the last round of increased transaction price of about $20 / ton CIF.


The South African chrome ore futures price rose sharply and the main reasons for the transaction have been reflected: In 1.7 months, the bidding price of high carbon ferrochrome increased significantly by 950 yuan /50 base tons, and the retail price of ferrochrome has increased by 700 yuan /50 base tons this month, and still has a trend of continuing to rise. Under the stimulation of considerable profits of ferrochrome, alloy factories have high enthusiasm for production, and the price of chromium ore raw materials has obtained downstream support.2. Alloy factories in southern China mainly purchase raw materials by futures, and the influence of local power rationing is less than that in northern China. Factory production is relatively stable, and there is a demand for chromium ore procurement;3. The influence of energy consumption double control and power rationing in Inner Mongolia at present, it is difficult to improve significantly for some time, the shortage of ferrochrome supply continues to be good for ferrochrome price, and the factory is optimistic about the future market is one of the main factors supporting the rapid rise of futures price.4. Affected by local violence in South Africa, the export of most suppliers is blocked, which is also one of the factors leading to the rising price of chromium ore futures.