Asian FeCr prices slip, weak demand continues to weigh heavy

摘要

Spot prices of high-carbonferrochrome in Asia slipped this week amidweak Chinese demand, despite output cutsundertaken by some producers.Platts assessed the spot price of 58-60%high-carbon ferrochrome at 56-59 cents/lb CIFChina Friday, down from 58-60 cents/lb lastweek on offers at 59 cents/lb CIF China. Bidswere 1-2 cents/lb lower, also reflective of majorChinese stainless steelmakers' cut of Marchpurchase prices by Yuan 100/mt (1.4 cents/lb)or more.