Ferro chrome prices were unchanged this week, as demand continues to remain steady.
SteelMint assessed weekly ferro chrome grade 60% price at INR 62,500/MT (Ex-Odisha)
The Indian domestic ferro chrome market remained at same level as last week. Sources reported that decent end-user demand has kept prices on the same level. “The market is steady with good demand and currently we’re seeing no changes in market dynamics,” remarked a Odisha based producer.
Market watchers are uncertain about any price rise and most of them expect that market condition to remain stable for this month.
Ferro Chrome Export Prices Keeps Firm
Ferro chrome prices remain unchanged although buying interest from overseas markets was coming down.
The spot price of 58-60% chrome-grade material was assessed at 74-75 cents/lb CIF China while Japanese spot ferro chrome pricing was assessed at 75-76 cents/lb CIF Japan.
Indian Ferro Chrome Exports in May & Jun’16 (till 22nd)
| Country | Jun’16(till 22nd) | May’16 |
| Taiwan | 12,970 | 6,743 |
| China | 7,968 | 8,907 |
| South Korea | 1,324 | 10,228 |
| Japam | 330 | 5,418 |
| Europe | 2,608 | 7,274 |
| Others | 2,355 | 5,152 |
| Grand Total | 27,555 | 43,723 |
Qty in MT
Source: SteelMint Research
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