High carbon ferrochrome prices rise And confidence in the future is enhanced

The long-dormant high-carbon ferrochrome market finally ushered in the "opening red" market in September, and there was a good increase performance while completing the bottom rebound. In less than a week, the price of high-carbon ferrochrome has risen by 200-300 yuan / 50 base tons. Today's silicon high chromium (yuan / 50 base tons, now including tax): factory quotation 7650-7800; Dealer quote 7850-8000.

This round of price increases was first initiated by the relatively abundant northern market, and then benefited other regions, thus forming a comprehensive increase in the price of high-carbon ferrochrome. The main reasons for the price increase are as follows:

1. Following the decline in domestic high-carbon ferrochrome production to more than 450,000 tons in August, due to the loss of the whole line of factories, recently large and medium-sized factories in the north have also joined the camp of suspension and production reduction, and high-chromium production is expected to continue to decline.

2. Stainless steel prices and transactions are running well, steel mill profits have been repaired, and production enthusiasm has been improved. It is understood that in September, the crude steel discharge output of the country's main 30 stainless steel factories was 2.57 million tons (Zoomlion Gold data), an increase of 280,000 tons from the previous month, corresponding to the increase in demand for ferrochrome.

3. Affected by the sentiment of "buy up and not down", the middle and some downstream links have been in a short position for a long time, and after the rise in iron prices, the market replenishment activity has risen, which has promoted the further digestion and absorption of ferrochrome supplies.

4. The price of chromium concentrate powder in the port is still relatively strong, and the South African chromium ore futures price has rebounded after the end of the downward trend. Coke, electricity prices and other costs can be adjusted space is limited, from the cost point of view, iron prices also have a certain support.

Although there are still differences in the expectations of the future market of high-carbon ferrochrome, the rise in iron prices has indeed re-strengthened the confidence in the industry. The height and resilience of the subsequent price rebound are mainly dependent on the changes in supply and demand, and in the short term, the pattern of iron prices rising and falling is basically formed.

We Kangxin International Metallurgy company sell ferrosilicon granules inoculants, ferrosilicon inoculants and other products, what you need can be understood with us!

Email: joanna@aykxgj.com +8616638320060