NEW YORK Low-carbon ferrochrome prices have dropped
again, as traders continue to chase sales in a quiet market.
Prices for 0.05-percent carbon ferrochrome dropped to a range
of $2.13 to $2.17 per pound from $2.15 to $2.20 and while
0.10-percent-carbon ferrochrome dropped to a range of $1.94 to
$1.97 per pound from $1.96 to $2 previously.
0.15-percent-carbon ferrochrome dropped to a range of $1.84 to
$1.90 per pound from $1.87 to $1.93.
Market participants again said that weak spot demand for all
grades of ferrochrome has forced traders to lower their prices
in order to make sales (
amm.com, July 12
Business is bad, there are no real enquiries,
theres oversupply and prices are down, one trader
said. Youre getting to the point now where prices
really need to move up a little bit.
One consumer observed that the consistent price drop over the
course of 2013 has seemed out of step with the relative
stability of the steel market.
The steel market has just kinda stumbled along at the
same levels it has been at since last year, it really
hasnt changed dramatically up or down, he said.
Sure, steel pricing is still weak, but it seems like the
ferroalloy market has weakened a lot more than the steel