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At the beginning of the week, the price of China's ferrochrome continued to rise, among which the price of high carbon ferrochrome rose again by 100 yuan/ton, and the price of low and medium carbon ferrochrome rose again by 200 yuan/ton. Driven by favorable factors, factories were more willing to support the price rise, and it was increasingly difficult to find low price spot resources in the market. It was more difficult for steel mills to purchase low prices, and bidding prices also improved one after another. In the short term, the market may continue to be strong.
The price of high carbon ferrochrome was 8200-8400 yuan/ton in China. Driven by the increase of favorable factors, the factory is strongly willing to support the price rise.