Chinese ferrochrome prices drop nearly 20% since September

In examining Chinese steel producers buying prices for ferrochrome over the last four months, there is a pattern of steady erosion.

Some examples (ddp, 50% Cr basis):

Baosteel’s price in September was rmb8,500 per mt (97.5¢ per lb); October, rmb8,400 (94.5¢); November, rmb7,900 (89¢) and December, rmb7,100 (79.5¢).

The percentage reduction was virtually the same for all Chinese mills.

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