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Ferrochrome: Cost supported factory quotations are relatively stable, and pessimistic expectations still exist in the ferrochrome market

The cost support factory quotation is relatively stable, and the pessimistic expectation in the ferrochrome market still exists. On July 17th, the cash and tax inclusive factory quotation for high carbon ferrochrome natural blocks in Inner Mongolia is 8400-8600 yuan/50 base tons; Sichuan 8500-8700 yuan/50 base tons. Inner Mongolia region low-carbon ferrochrome C25 acceptance tax included factory report 13800-14400 yuan/60 base tons; The quotation for micro carbon ferrochrome C6 is 14300-14900 yuan/60 base tons.

On the 17th, the ferrochrome market maintained a stable trend, and the factory's external quotations were mainly stable. Currently, the price of ferrochrome is around 8500-8600 yuan/50 base tons, with high production costs and limited room for price reduction. Recently, there have been few positive factors, and the overall increase in supply has led to a weak trend in fundamentals. Some traders have been affected by poor sales, resulting in a bearish outlook for the future market and a pessimistic attitude towards steel bidding, with some offering lower prices. Some factories have already ordered the goods and there are currently no retail quotes available. It is expected that the ferrochrome market will operate steadily.