The October tender of high carbon ferrochrome is formally over as the TISCO tender is done. The whole event sees fall in price and volume, the perspective market is ominous.

　　The chrome ore market is temporarily stable, but the downstream ferrochrome tender is still sliding. The raw material of chrome ore is in an embarrassing situation with weak demand and lack of confidence. The general market is thin and has no sign of recovery. Turkey 38% lump is at $160-$165/t, turkey 46-48% powder is at $225-$230/t, South Africa 42-44% powder is at $165-$170/t, domestic 44% South Africa powder is at Yuan 31-32/mtu.

　　The stainless steel producers are pressing down the purchasing price of raw material as the price of stainless steel products see no improvement. Having advantage of production cost, the import ferrochrome gains a larger share of domestic market. The domestic ferrochrome industry is sliding continuously. The mid and low carbon ferrochrome assessment is down about Yuan 100-200/t, Northern high carbon ferrochrome price is sliding, too. The high carbon ferrochrome is having deficit now and downstream buyer are pressing down the price eagerly. Some producers are reluctant to offer or produce. The high carbon ferrochrome is around Yuan 5900-6000/50 mt, low carbon is at Yuan 10500-10700/mt, micro-carbon ferrochrome V10 is at Yuan 10600-10800/mt.