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

Taigang Stainless cuts August ferrochrome purchase price: sources

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

Taigang Stainless cuts August ferrochrome purchase price: sources


China's Taigang Stainless Steel has set its high carbon ferrochrome (50% basis Cr) purchase price at Yuan 6,750/mt ($1,091/mt) for August deliveries, down by Yuan 100/mt from its July price, according to market sources.

Not registered?

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

Register Now

"Smelters will accept this price. It is not too bad a price," said a Beijing-based analyst.

Market participants have largely expected major stainless steelmakers to either rollover or drop slightly their August purchase prices on weak market sentiment as the stainless sector remains lackluster.

Taigang officials couldn't immediately be reached for comment.

Other major stainless mills like Baosteel and Jiuquan Iron & Steel will likely follow and drop their August prices by Yuan 50-100/mt, the analyst predicted. The two companies had set their bid prices at Yuan 6,950/mt and Yuan 6,800/mt respectively for their high carbon ferrochrome deliveries in July.

Industry observers also see Chinese domestic high-carbon spot prices softening this week in response to the lower purchase price from Taigang.

"Spot prices should start falling from Tuesday. Prices should drop to below Yuan 7,000/mt this week," a trader in north China said.

Chinese domestic spot prices of high carbon ferrochrome (50% basis Cr) were at Yuan 7,000-7,100/mt (equivalent 86-87 cents/pound) delivered with VAT last Wednesday (July 17).

--Vivian Teo,

--Edited by James Leech,