It is reported that during this week ferrochrome prices in Chinese market continues to rise. Current price quotation of high carbon ferrochrome with Southwest origin is offered at CNY 9500 per tonnes to CNY 9800 per tonnes, pushed by raw material and power etc price rises.

As per report, some plants further uplifted their price quotation by CNY 100 per tonnes to CNY 200 per ton, suffering slowing delivery at high price level; as for low carbon ferrochrome with Northeast China origin at CNY 14800 per tonnes to CNY 15000 per tonne.

Current purchase price of high carbon ferrochrome stayed at CNY 9200 per tonnes to CNY 9400 per tonnes.

As for raw material, current price of Turkey and Iran lump is at CNY 3350 per tonnes to CNY 3450 per ton at China ports and India shredded ore at CNY 4100 per tonnes to CNY 4200 per tonnes up by CNY 100 per tonnes. Current resources arrived in limits at ports, especially from South Africa.