Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Chine ferrochrome: Domestic spot price wait for steelmakers' June purchase prices

Commodities | Energy

COVID-19: Coronavirus outbreak

Platts Greenhouse Gas Emissions Service

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 9th Annual

Metals | Steel

Chinese domestic coke prices set to be cut again: sources

Chine ferrochrome: Domestic spot price wait for steelmakers' June purchase prices

Singapore — The domestic spot price of 50% Cr Chinese high-carbon ferrochrome was assessed at Yuan 6,350-6,500/mt (equivalent to 78-80 cents/lb) -- including 17% VAT and delivery -- on Wednesday, unchanged from a week ago, as the market waited for major Chinese stainless steelmakers to settle their June purchase prices.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Sources said Jiuquan Iron & Steel had started seeking offers in the market earlier this week but none of the major steelmakers have decided on their prices as at Wednesday afternoon.

Industry watchers mostly reckoned that the steelmakers' June prices may slip by Yuan 50/mt month on month as supply tightness in the domestic market has eased and production in southern China is expected to rise further on reduced power rates during the wet season.

Weaker chrome ore prices and slower demand from steelmakers during the summer lull in the third quarter will also add pressure to the June purchase prices, sources said.

"The ferrochrome producers we spoke to see prices falling because of weak demand," said a Shanghai-based trader.

Chinese domestic stainless steel demand and prices remained weak after nickel metal prices headed south again after a brief rebound, according to stainless steel market sources.

Major stainless steel producers Shanxi Taigang Stainless Steel, Baosteel, Jiuquan Iron & Steel and Tsingshan Holding had earlier all reduced their May purchase prices by Yuan 50/mt month on month.

--Vivian Teo,
--Edited by Maurice Geller,