Fengzhen Tianyuan Chemical decreases HC ferrochrome production
2023-04-10 08:12:43 [Print]
BEIJING (Asian Metal) 10 Apr 23 - Fengzhen Tianyuan Chemical Co., Ltd., one of the HC ferrochrome Cr52%min C8%max producers, predicts to decrease their production in April, a source from this company revealed to Asian Metal.
The source mentioned, "We plan to decrease our production of HC ferrochrome Cr52%min C8%max in April due to the decreased purchase prices of steel mills and also the weak demand". They predict to produce around 3,000t in April, while they produced around 4,100t in March. They hold 1 furnace of 25,500kVA.
The producer, with an annual production capacity of 80,000t of HC ferrochrome Cr52%min C8%max, predicts to produce around 3,000t in April, down by around 1,100t from last month. They produced around 41,800t in 2022 and around 4,100t so far in 2023.
On Friday, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB8,600-8,800/t (USD1,251-1,281/t) EXW D/P at present, unchanged from early this week. Insiders predict the mainstream prices would decrease in the coming week due to the pessimistic attitudes and weak demand.
The source mentioned, "We plan to decrease our production of HC ferrochrome Cr52%min C8%max in April due to the decreased purchase prices of steel mills and also the weak demand". They predict to produce around 3,000t in April, while they produced around 4,100t in March. They hold 1 furnace of 25,500kVA.
The producer, with an annual production capacity of 80,000t of HC ferrochrome Cr52%min C8%max, predicts to produce around 3,000t in April, down by around 1,100t from last month. They produced around 41,800t in 2022 and around 4,100t so far in 2023.
On Friday, the mainstream prices for HC ferrochrome Cr52%min C8%max stand at RMB8,600-8,800/t (USD1,251-1,281/t) EXW D/P at present, unchanged from early this week. Insiders predict the mainstream prices would decrease in the coming week due to the pessimistic attitudes and weak demand.
