Chinese stainless steel giant Tsingshan has reduced its tender prices for ferro chrome by RMB 650/t ($97/t) m-o-m for Jul’22. The current price for 50% cr material stands at RMB 8,995/t ($1,345/t). All prices are on delivered to plant basis including taxes, with delivery latest by 10 Aug. Delivery ex-Tianjin port will be RMB 150/t ($22/t) less. The current market price of ferro chrome (HC-60%) is RMB 9,650/t ($1,417/t) ex-Tianjin.
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