No good news for ferrochrome sellers


Welcome to Right Vein Society, a membership association dedicated to uncovering news and facts about ferroalloys markets.
Society Member Login for intherightvein.com

To become a member and access intherightvein.com Click Register

Notify of
Tan
Guest
Tan

So! Glencore’s Quarterly contract price is useless. And now Chinese Stainless Producers’ monthly contract prices are useless too 🙂 FYI, for July Contract Prices, including Tax and Freight and for 50% Cr content, TISCO/JISCO was at RMB 7550, Tsingshan was at RMB 7796, and Baosteel was at RMB 7800. That’s a range of RMB 7550-7800. Seeing about RMB 150 reduction from that range, and not to RMB 7100 anywhere. If RMB falls, it will further support RMB prices. Price depends on the location of Stainless Plants and on the commercial basis. What’s that for this RMB 7100’s, CIF Shanghai? BTW… Read more »