On February 11, the quoted price of high-carbon ferrochrome in Inner Mongolia was 7,400-7,600 yuan/mt (50% metal content), up by 100 yuan/mt (50% metal content) compared to the previous trading day. Yesterday, major overseas mines announced a new round of futures prices for South African 40-42% chrome concentrates, rising by $27/mt to $230/mt. The spot price of chrome ore was further driven higher, and with ferrochrome retail supply already tight, prices followed the upward trend due to rising costs.
Chrome Ore Futures Prices Strengthen, Ferrochrome Prices Rise on Cost Support [SMM Daily Review]
- Feb 11, 2025, at 5:49 pm
[SMM Daily Review: Chrome Ore Futures Prices Strengthen, Ferrochrome Prices Rise on Cost Support] On February 11, the quoted price of high-carbon ferrochrome in Inner Mongolia was 7,400-7,600 yuan/mt (50% metal content), up 100 yuan/mt (50% metal content) from the previous trading day...
