India: FeCr price cuts deepen

摘要

Domestic ferro-chrome prices fell further this week, under pressure from a slowdown in enquiries both locally and overseas. But ferro-silicon prices crept up despite sluggish demand, as tight supply encouraged sellers to hike offers. Prices for 60pc grade alloy fell to Rs90,000-91,000/t exworks today from Rs91,000-92,000/t on 13 April, and market participants see potential for prices to fall further due to a recent decline in spot demand from both Chinese and domestic buyers.