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At the end of May, the ferrochrome price kept stable, waiting for the new round of purchasing from steel mills. Now the mainstream price of high carbon ferrochrome was RMB6,500/mt.

On the 11th China Ferro-alloys International Conference, Cao Wenquan, the China Chief Representative of Yildirim Group said, the chrome ores price would turn firm from Q3, 2014.

After slightly declined in last week, the import ferrochrome price of South Africa and Indian turned stable

Philippe Richard said, affected by the rising demand of the stainless steel, in 2014, China’s FeCr output would continue to go up while the growth rate would slow down.

According to the statistics of Macquarie, in 2013, stainless steel (SS) production was 38.6million tons, rising by 7.8% year on year

On basis of the present supply and the strike situation, the SA Cr ores would continue to stay firm.

This week the high carbon ferrochrome price decreased by RMBXX/mt to RMBxx/mt (ex-works price with tax). The surplus supply and the weak demand made the FeCr market hard to be changed in short term.

According to the latest tender price of the major steel mills, the prices were further cut down by RMB50-100/mt. What’s worse, many of them reduced the purchasing volume or even stopped the purchasing of May.