Weak Market of Chrome Ore due to Low Production Rate of Ferrochrome Factories

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 134 million tonnes (Mt) in September 2014, a slight decrease of -0.1% compared to September 2013.

[Ferro-Alloys.com]Chinese APT price slipped with its cost. A Jiangxi APT supplier reported lower output and sales, and they only supplied several tons to old customers.

[Ferro-Alloys.com]Chinese W concentrates price softened, as downstream FeW and APT suppliers had little interest in buying raw materials, especially in the cold weather, the operation rate diminished again.

There were dozens of new ferrosilicon furnaces into operation in China’s Ningxia Hui Autonomous Region. These new furnaces were of large sizes, the largest of which reached 40,500KVA and local government enlarged the scope of enterprises who could benefit pre...

Overseas demand for silicon manganese is also low, 6014 grade is currently being offered at USD 920/MT FoB East Coast India and 6516 is at USD1,010/MT FoB East Coast India. In general, silicon manganese prices in India are unlikely to rise in this month, as st...

Silicon metal price kept firm in late October in China. Spot materials of high-grade silicon metal were hard to find. It was highly unlikely that low-grade silicon metal price would increase, because its price increased substantially in the past two months.

[Ferro-Alloys.com]It is reported that China imported 1.55million tons of manganese ore in September according to Chinese Customs Statistics, representing a small rising from the preceding month 1.44 million tons.