China: Tsingshan’s ferro chrome tender prices for June’24 remain unchanged

Chinese stainless steel giant Tsingshan has maintained its Jun’24 ferro chrome tender prices at RMB 8,995/t DAP, including taxes. Delivery has been set before 10 July. Currently, ferro chrome (Cr:50%) prices are at RMB 8,875/t ex-Inner Mongolia. Stable domestic prices due to firm costs of chrome ore, coke, land freight and electricity likely explain why tender prices remained unchanged.