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Chinese domestic ferrochrome prices rise on chrome ore market uptick

Chinese domestic ferrochrome prices rise on chrome ore market uptick

Prices of locally produced high-carbon ferrochrome in China have been on the rise due to an uptick in chrome ore prices, market sources said Monday. Spot ferrochrome was currently at Yuan 6,000/mt (68 cents/lb), possibly ex-plant, said one Beijing-based analyst, adding that prices were up around Yuan 150/mt from a week earlier. Yuan 6,000/mt is higher than the monthly purchase prices of major Chinese stainless steelmakers; BaoSteel'... >>

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