RE: Chrome prices29 Feb 2024 08:05
Apologies, that shoudl read 2.885
In December 2023, India totally exported
a r o u n d 1 8 . 4 6 k t o n s h i g h c a r b o n
ferrochrome to China, accounted for 38.8% of
total exports; the country also exported around
9.22k tons to South Korea and 4.64k tons to
Japan.
According to customs data, India exported
about 47,600 tons of high- carbon
ferrochrome in December 2023, down 25.74%
sequentially and 42.16% year-on-year.
Among them :
• about 18,500 tons were exported to China,
accounting for 38.87% of the total export
volume;
• about 0.92 million tons were exported to
South Korea, accounting for 19.33% of the
total export volume;
• about 0.46 million tons were exported to
Japan, accounting for 9.66% of the total
export volume.
India exported a total volume of about 0.80
million tons of high-carbon ferrochrome in
January-December 2023, an increase of 16.04%
year-on-year (January-December 2022: 689,400
tons). Of this, 347,000 tons were exported to
China, up 35.0% year-on-year; 156,000 tons to
South Korea; and 67,000 tons to Indonesia.
February southern (Jiangsu, Zhejiang,
Fujian, Sichuan, Hunan) LC ferrochrome
work rate of 44.44% (statistics 18 factories, 8
in production), down 27.78%; capacity to release
9.44%, down 18.16%; expected production of 0.39
million tons, down 0.75 million tons.
In February, the start rate and production of
low carbon ferrochrome in the south dropped
sharply, mainly due to the following reasons:
1. Low carbon ferrochrome transactions are
weak and the production enthusiasm of
factories is declining;
2. Cost of ore and the price of electricity is
persistently high, and the factories in the
south are under greater cost pressure;
3. During the Chinese New Year period the
production was generally suspended for 15
days or more.
China's stainless steel crude steel
production, import and export, apparent
consumption statistics in 2023 is released by
China Iron and Steel Industry Association
Stainless Steel Council as follows:
In 2023, China's stainless steel crude steel
production 36.6759 million tons, an increase of
4.106 million tons, an increase of 12.59%.
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