High-chrome Prices Fell Again In April

More than half of the month in the first month of the second quarter are passed, the high-chrome market still failed to get rid of the weak shock pattern, the steel tender in May is coming, however, the bad news in high-chrome market is one after another, Inner Mongolia "electricity shortage" failed to arrive, the output increase nearly 80,000 tons, and the imported ferrochrome of surged by 50%.

With these bad news, domestic high-carbon iron prices fell in April again and again, and have fallen by US$60/50 base tons till today. In May, the price of tenders for steel mills fell or there was no suspense. However, the recent high-chromium price trend reminds us of the scene of the previous year. In the same April, the same price going down...

High chrome rose US$ 135 in the second quarter of last year

In April 2018, due to the high supply and the weak demand of the market, coupled with the weak market, the purchase price of high-chrome bidding of mainstream steel mills in May was sharply lowered by US$90/50 base tons, and the purchase price of Tisco was US$1,011/50 tons. Tsingshan Group's purchase price was US$1,044 /50 base tons, and the high chromium market was affected by continuous decline. Will it skyrocket US$135 this year and continue to repeat the story of last year?

However, with the sharp decline in the production profit of high-chromium plants, the enthusiasm of the factory production was under pressure, and the subsequent large-scale domestic environmental protection, the supply of high-chromium market gradually tightened in a short period.

After the Labour Day of last year, due to the tightening of high-chrome spot, the price rose rapidly. From the beginning of May, the price US$1,051/50 base tons went up two months, and by the end of June, it had risen to US$1,171. /50 base tons, up 12.95%.

The same scene is coming again

History doesn’t repeat itself, but it does rhyme, and is the eve of the annual "Labour Day" today . Similar scenes coming again. High chrome supply is plentiful, but price is falling, and more environmental protection is blowing. Will the glory of last year is going to be re-staged this year?

At present, at the end of the month, the peak of raw material procurement is coming. In the high chromium market, the bidding and procurement of steel mills in May has once again become the focus of attention in the industry. From the current high chromium market situation, the downgrade of bidding prices in May may be an indisputable fact.

At present, the domestic market high-carbon ferrochrome factory price is concentrated at US$ 1,045-1,071/50 base tons, the industry expects the mainstream stainless steel factory tender price in May may be lowered US$ 15-30/50 base tons.