[Ferro-Alloys.com]WWW.Ferro-Alloys.cn ’s message: As is shown in this picture, the price of ferrochrome in China is presented a downward trend in the past two years.

At the end of July, the high carbon FeCr production was stable. Due to the poor market condition, the recovered capacity was not obvious, while the total supply was adequate. The suppliers said the purchasing was not optimistic now for the weak demand.

In June 2014, China imported 139.9thousand tons FeCr, which decreased by 30.15% month on month while increased by 31.75% year on year.

This week High C FeCr prices kept steady at , ex-work tax-inclusive price in cash. But spot prices of imported FeCr went down RMB100/mt(USD16/mt) from last week.

This week FeCr producers kept normal production and producers offered much varied quotations. Some producers lowered quotations as Baosteel and Tsingshan Group both lowered July purchase prices of FeCr.

Multiple sources indicated July bidding prices of HC FeCr tended to remain flat with last month. Some steel mills might increase purchase price due to reduced volume, but the purchase prices were unlikely to rise with large ranges due to adequate supply in Chi...

In May, the FeCr import of China was 200,226tons, up by 4.5% month on month and 126% year on year. Throughout the data in recent months, the FeCr import in May was still in high level.

Major steel mills and ferrochrome producers considered the present price of FeCr prices bottomed and it was likely to rise inQ3 in China.