India’s domestic ferrochrome prices shift trend up

Thursday, 25 July 2019 22:46:26 (GMT+3)   |   San Diego

On July 3, SteelOrbis reported Indian domestic ferrochrome (HC 60 percent) prices at INR 64,000-64,500/mt ($930-937/mt) ex-works. A source recently noted that prices declined for the next three weeks to reach a bottom of INR 61,500-62,000/mt ($893-900/mt) on July 19.

Sources now inform SteelOrbis that prices have shifted slightly upward compared to the week ended July 19 and are now at INR 62,500-63,500/mt ($904-919/mt) ex-works. Compared to a week ago, prices increased $11/mt from the bottom of the previous range and $19/mt from the top of the same range. Present prices still remain lower compared to the level reported early in July.

USD = INR 68.79 (Jul 3)

USD = INR 68.86 (Jul 19)

USD = INR 69.10 (Jul 25)

Most Recent Related Articles

Indian pellets attract more Chinese buyers after surge in iron ore fines prices

Uptrend of Indian pellet export prices slows down as buyers become cautious

Indian pellet export prices continue to surge, sales volumes increase

Import scrap prices in India rise due to UAE export ban, demand weak

Indian pellet export prices touch two-month high