High carbon ferrochrome quotation upwards The transaction needs to be followed up

Today's high-carbon ferrochrome prices are generally raised by 100-200 yuan / 50 base tons, the current high-carbon ferrochrome factory mainstream quotation of 7900-8000 yuan / 50 base tons, dealers self-mainstream quotation 8200-8400 yuan / 50 base tons, but the actual transaction is not fully synchronized with the price adjustment frequency.

Under the combined effect of factors such as declining production cuts, rising demand, and rising costs, the recent price of high-carbon ferrochrome has maintained a steady upward trend, with a cumulative increase of 400-500 yuan / 50 base tons. However, as the factory quotation closes to the "8000" mark, the market trading atmosphere is not as active as before. The main reasons: 1. Dealers have started to open positions since 7200 yuan, and most of them have been opened at present. If you continue to make up positions according to the current market quotation, it is difficult to guarantee profits. Therefore, the recent high-priced transactions are mainly based on small batches and short process operations. 2. Mainstream steel mills have not yet launched a new round of procurement inquiries, although individual steel mills in East China have zero single procurement plans, but also due to higher supplier quotations, the market lacks large-scale transaction guidelines. Coupled with the different opinions on the pricing of high-carbon ferrochrome procurement in October, some buyers still have a certain fear of heights, making the follow-up of transactions relatively slow.

In view of the dominance of upstream and downstream positive factors at this stage, the industry holds strong bullish confidence in the October high-carbon ferrochrome tender price, but the specific height also depends mainly on cost and demand.

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