India’s ferro chrome prices have been increasing since last week after enquiries from China picked up for Aug’21 shipments. The last domestic deal concluded for a bulk quantity was at INR 119,300/t ex-Jajpur. It is expected that prices might increase further. Indian smelters have started quoting at around INR 123,000/t, while Chinese prices have inched up to RMB 10,900/t ($1,681/t) (HC 55%) in Inner Mongolia.
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