The price of TISCO tender is at Yuan 6050/50 mt (Cash plus tax with freight) for high carbon ferrochrome this August, down Yuan 100/50 mt month to month, delivering by September 15th. The tender volume is about 70000 ton.

　　Offers for chrome ore spot and future goods have no adjustment today. The domestic port price of chrome ore has little change. Mines are not willing to drop price though the pressure from steel mills is great. Yet, the fall of downstream price hurts the confidence of traders, many of who hold negative attitude toward the next semiannual. Recently, most traders choose to wait and see. The domestic 40-42% lump from turkey at Lianyungang is at Yuan 41.5-42.5/mtu, 46-48% fine ore from turkey is at Yuan 41-42/mtu, 42-44% fine ore from South Africa is at Yuan 31-32/mtu.

　　As the tender price drop, the pessimistic atmosphere hangs on the market. Some plants plan to reduce the production. The high carbon ferrochrome is at Yuan 6300-6400/50 mt, low carbon ferrochrome is at Yuan 11200-11300/ton and micro carbon ferrochrome V10 is at Yuan 11300-11500/ton.