Chinese ferro chrome prices are at around RMB 9,300/t ($1,434/t), registering an increase of RMB 500/t, while offers have increased up to RMB 10,000/t ($1,542/t), up by RMB 900/t. A major company in the country’s northern region is running out of stocks and has increased offers. Meanwhile, amidst increased chrome ore prices and power curtailment, the market remains bullish and the smelters believe that the RMB 10,000/t mark would soon be reached, as per reports.
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