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Low carbon ferrochrome quotes are chaotic The rally has slowed down slightly
Low carbon ferrochrome quotes are chaotic The rally has slowed down slightly
In September, the price of low-carbon ferrochrome rose by 1,000 yuan / 60 base tons, and dealers and end users had more replenishment operations under the psychological action of buying, so the transaction was smoother and the price was rising. Different from the previous sharp rise, the rise of low-carbon ferrochrome in the past two days has slowed down slightly, and the current factory quotation is more chaotic, and the mainstream range (yuan/60 base tons, cash including tax) is 25/13300-13900; micro 10/13500-14100; micro 6/13800-14400.
At present, as far as the bidding price issued by individual steel mills is concerned, the retail increase in iron prices in this round has been roughly the same as the increase in steel bidding, and some steel mills with large amounts have not yet started a procurement inquiry, so the industry generally believes that the follow-up steel recruitment situation remains to be observed. On the other hand, in recent days, the distributor's pre-order supply has been sent one after another, coupled with the current scheduled production of the factory, the follow-up delivery date has reached mid-to-late October, and the market chasing sentiment and the amount of goods are slightly affected. This round of iron price increases to a large extent to the raw material side, the actual profit increase of the factory is limited, although the production of low-carbon ferrochrome in September rebounded, but the factory has no sales pressure and the cost support is strong. It is expected that the price of low-carbon ferrochrome in the near future will be dominated by a firm sideways for the time being.
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