Price increase to be short-lived

摘要

FeCr prices have dropped in China this month by 2 m-o-m to $0.76/lb Cr for local HC FeCr (50 Cr; 6?8 C). The quotes have reached $0.74/lb Cr during the month, recovering by the end of it due to possible electricity supply cutbacks. - Speculative price increase will be short-lived. Electricity supply cutbacks at ferroalloy plants usually make producers retain prices or even put them up. The possible price increase will be short-lived, Metal Expert estimates, due to steady FeCr output in China. By Metal Expert's estimate, HC FeCr output rose by 15 y-o-y in H1. The ongoing decrease in chrome ore quotes and the 4 m-o-m downturn in port stocks may be evident of steady FeCr capacity utilization next month, which will keep depressing prices.