Supply concerns continue to dominate China’s FeCr markets

In China, ferro-chrome output was slow with continuing electricity outages in Inner Mongolia as well as energy-related production curbs in the southern regions.

Production disruptions have resulted in many smelters’ failure to fulfill their long-term contracts, a couple of whom began to look for material in the spot market, sources told Fastmarkets.
“Electricity limitations in September proved to be worse than we had expected, and our production has been almost halted in the recent several days,” Xin Gang Lian Metallurgy said in a notice issued on Wednesday September 22.
The country’s top ferro-chrome producer intended to buy 30,000 tonnes of high-carbon ferro-chrome from the market to ensure its supply to consumers.

Fastmarkets’ weekly price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China was rolled over...

Published

Jon Stibbs

Siyi Liu

September 22, 2021

13:00 GMT

London, Shanghai