Market quotation for ferrochrome in may

The prices of other products in the chrome series market were generally lowered, the prosperity of the low-carbon ferro chrome market declined, and the phenomenon of buyers lowering prices or reducing purchases was more prominent.

In addition, in order to win a certain amount of orders from steel mills, the price competition among large factories has become increasingly fierce, resulting in the bidding price of steel mills being lower than the retail market price, thus forming a negative effect on the overall ferro chrome price.

The supply and demand of low-carbon ferro chrome are both weak. Although the follow-up market depends on the adjustment of supply and demand, under the tight cost, the adjustment of ferro chrome price will tend to be slow.