【SMM Analysis】Bulish Sentiment & Cost Support Keep Ferrochrome Prices Firm
January 23, 2026
On January 20, Tsingshan and TISCO announced their February 2026 tender prices for high-carbon ferrochrome at 8,245 yuan/50% Cr ton and 8,045 yuan/50% Cr ton respectively, representing a 50 yuan increase month-on-month from January. This largely aligns with earlier bullish market expectations, providing support for ferrochrome prices. High-carbon ferrochrome quotations in Inner Mongolia remain at 8,400–8,500 yuan/50% Cr ton.