Yingkou Xinxing Silicon Products increases HC ferrochrome production
2023-03-16 08:26:41 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Yingkou Xinxing Silicon Products Co., Ltd., one of the major HC ferrochrome Cr52%min C8%max producers, predicts to increase their production this month, a source from this company revealed to Asian Metal.
The source mentioned, "We predict to increase our production of HC ferrochrome Cr52%min C8%max to around 4,500t this month, up by around 2,000t from February". They moved up their production this month due to the increased purchase prices of steel mills in March. They hold two furnaces of 12,500kVA at present.
The producer, with an annual production capacity of 60,000t of HC ferrochrome Cr52%min C8%max, predicts to produce around 4,500t in March, up by around 2,000t from last month. They produced around 34,000t in 2022, and produced around 9,000t so far in 2023.
On Wednesday, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB9,100-9,300/t (USD1,318-1,347/t) EXW D/P, unchanged from early this week. Insiders predict the mainstream prices would keep unchanged within this week as most suppliers prefer to wait for the purchase prices of steel mills and have no plan to change their prices.
The source mentioned, "We predict to increase our production of HC ferrochrome Cr52%min C8%max to around 4,500t this month, up by around 2,000t from February". They moved up their production this month due to the increased purchase prices of steel mills in March. They hold two furnaces of 12,500kVA at present.
The producer, with an annual production capacity of 60,000t of HC ferrochrome Cr52%min C8%max, predicts to produce around 4,500t in March, up by around 2,000t from last month. They produced around 34,000t in 2022, and produced around 9,000t so far in 2023.
On Wednesday, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB9,100-9,300/t (USD1,318-1,347/t) EXW D/P, unchanged from early this week. Insiders predict the mainstream prices would keep unchanged within this week as most suppliers prefer to wait for the purchase prices of steel mills and have no plan to change their prices.
