- Steady supply and cost support maintain price stability
- Demand from the end-user sector stayed firm
CBC: China’s high-carbon ferro chrome prices remained flat w-o-w at RMB 7,990-8,400/t ($1,130-1,188 /t) exw, including taxes.
Meanwhile, medium-carbon ferro chrome prices remained steady w-o-w at RMB 12,400-12,600/t ($1,754-1,782/t) exw, including taxes
Ferro chrome prices remained flat, supported by steady supply, strong stainless steel demand, and stable costs. Market sentiment stayed balanced with consistent buyer interest.
Market recap
Raw material market trends
Chromium ore supply from major regions such as South Africa remains stable, with limited impact from the rainy season and steady port inventories. The international trade environment is supportive, with low risks of tariff adjustments, reducing uncertainty regrading raw material imports.
On the cost side, energy and logistics expenses were under control, and procurement strategies had become more rational. Overall market sentiment stayed cautiously optimistic.
Downstream market trends
The stainless steel industry’s demand remained strong. Steady growth in low-carbon ferro chrome requirements from high-end stainless steel production supported to maintain firm prices.
Medium-carbon ferro chrome demand also remained stable in specialty alloy applications, supported by ample order backlogs. However, stricter environmental regulations limited the release of some production capacity.
Market sentiment remained stable, with downstream buyers maintaining steady purchasing interest and showing no signs of weakening demand.
Outlook
Ferro chrome prices are expected to stay stable in the short term, supported by firm demand, steady supply, and stable costs. Only major shifts in demand or supply could trigger minor price movements.
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