【SMM Daily Review: Ferrochrome Market Remains Stable with Active Factory Resumption】On April 17, 2025, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,300-8,400 yuan/mt (50% metal content), unchanged from the previous trading day...
On April 17, 2025, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,300-8,400 yuan/mt (50% metal content), unchanged from the previous trading day. The ferrochrome market operated steadily today, with many ferrochrome producers in the north and south resuming production. Two high-carbon ferrochrome enterprises in Inner Mongolia completed their earlier maintenance and resumed production of one 48,000 KVA and one 33,000 KVA submerged arc furnace, with an estimated monthly production impact of 14,000 mt. The recent rise in ferrochrome prices has boosted the production enthusiasm of ferrochrome producers, coupled with the completion of raw material stocking, leading to increased resumption of production. It is expected that ferrochrome production will see a significant increase in the future. Currently, chrome ore prices remain high and stable. Today, the overseas market futures quotation for South African 40-42% chrome concentrate at Tianjin Port was $295/mt, unchanged MoM from April 10. Buyers of chrome ore have a moderate willingness to accept high-priced chrome ore, and with sufficient inventory from previous raw material purchases, the purchase sentiment is mediocre, resulting in fewer transactions. With the middle of the month already passed, the market is waiting for the landing of a new round of steel tender prices. It is expected that the chrome ore and ferrochrome markets will operate steadily in the short term.
