Fengzhen Tianyuan Chemical stops HC ferrochrome production
2023-04-18 08:34:42 [Print]
BEIJING (Asian Metal) 18 Apr 23 - Fengzhen Tianyuan Chemical Co., Ltd., one of the major HC ferrochrome Cr52%min C8%max producers, stopped their production late last week, a source from this company revealed to Asian Metal.
The source mentioned, "We stopped our production late last week due to the high prices of chrome ore and weak demand of ferrochrome". They have no plan to resume their production until the purchase prices of steel mills be published in May. They predict to produce around 3,000t in April, down by around 1,100t from March. They hold 1 furnace of 25,500kVA at present.
The producer, with an annual production capacity of 80,000t of HC ferrochrome Cr52%min C8%max, estimates to produce around 3,000t in April, down by around 1,100t from last month. They produced around 15,300t so far in 2023.
On Monday, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB8,400-8,600/t (USD1,222-1,251/t) EXW D/P. Insiders hold pessimistic attitudes and predict the mainstream prices would move down in the coming week due to the weak demand.
The source mentioned, "We stopped our production late last week due to the high prices of chrome ore and weak demand of ferrochrome". They have no plan to resume their production until the purchase prices of steel mills be published in May. They predict to produce around 3,000t in April, down by around 1,100t from March. They hold 1 furnace of 25,500kVA at present.
The producer, with an annual production capacity of 80,000t of HC ferrochrome Cr52%min C8%max, estimates to produce around 3,000t in April, down by around 1,100t from last month. They produced around 15,300t so far in 2023.
On Monday, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB8,400-8,600/t (USD1,222-1,251/t) EXW D/P. Insiders hold pessimistic attitudes and predict the mainstream prices would move down in the coming week due to the weak demand.
