Toria Tang’s Post

Entering the third quarter of 2024, the performance of terminal demand is flat, and the performance of the #ferrochrome market is unsatisfactory. Factories have stopped production or reduced production, and the spot cargoes increased. Downstream demand is not strong, leading to a decline in #chrome ore prices. However, the adjustment of future cargoes prices is mainly based on a fluctuation of $5/ton CIF China, and spot prices remain mainly adjusted at a small level of 0.5 CNY/dmtu. However, the domestic chrome market lacks favorable support, and the bidding prices of #stainless steel plants continue to fall. Industry insiders have become increasingly....https://lnkd.in/gApShz75

The prices of #chrome ore have not been adjusted yet today. At present, industry insiders in the chrome industry are focusing on the release of high carbon #ferrochrome bidding prices from large steel mills for January. Although everyone has basically reached a consensus on the price decline, due to the unpredictable magnitude, bidding price confirmation is also needed to provide certain guidance for the future market. At the same time as bearish bidding prices, industry insiders are also waiting for the new round of #South Africa chrome ore concentrate. https://lnkd.in/gVyHCEq2

The domestic prices of #chrome ore and #ferrochrome are stable and slightly strong, with strong sentiment from foreign sellers to support prices. The prices that can be transacted in the early stage are currently not strong in the willingness of suppliers to sell, and prices are constantly approaching high levels. Today, the future cargoes prices of #SouthAfrica chrome ore #concentrate and #ROM have increased by... The price difference of chrome ore between... https://lnkd.in/gN-HevGx

More and More large-scale submerged arc furnaces are available for use in North China. High-carbon #ferrochrome output in China has hit new highs, so the demand for #chrome ore is also increasing. The current large-scale submerged arc furnaces in China are mainly based on fully enclosed sintering, so they are more dependent on chrome concentrate. #Zimbabwe chrome concentrate is popular because of its cost-effectiveness....https://lnkd.in/gX9-fPJ5

There is no adjustment in the price of high carbon #ferrochrome today. The prices of #chrome ore remain high, but due to the unimproved prices of stainless steel and the continuous increase in social inventory, it is difficult to.https://https://lnkd.in/gBC4Wsex

Stay informed with Cost Masters! Get real-time quotes, historical data, and expert analysis to optimize your Ferro Chrome purchases. Maximize profitability & stay ahead of the market! Visit our website to know more: https://lnkd.in/gfDvt6h3 #ferrochrome #steel #metals #pricingstrategy #supplychain #pricingstrategies #prices

𝗪𝗵𝗮𝘁'𝘀 𝘀𝗼 𝘀𝗽𝗲𝗰𝗶𝗮𝗹 𝗮𝗯𝗼𝘂𝘁 𝘃𝗮𝗻𝗮𝗱𝗶𝘂𝗺? Vanadium is a hard, but ductile, blueish-grey transition metal. It occurs in various minerals and received its name from the Norse goddess of beauty, since all the its compounds show different colors. The resulting color depends on the oxidation state of the vanadium ions. Vanadium was discovered in the early 19th century, but isolation was quite difficult. It took several decades to make the element available and the first industrial uses include preparation of steel alloys, which were applied in the upcoming automotive industry around the turn of the century.  Even today, most of the produced vanadium is used as steel additive to increase strength and hardness of the construction material. Titanium and aluminium alloys of vanadium are used for light-weight components in aviation or for professional bikes. And if you check the tool box on your work bench you will find most of the items made of chromium-vanadium steel! Hence, it is quite likely that vanadium is somewhere around you! #analyticalchemistry #samplepreparation #aciddigestion #elementanalysis #AntonPaar

In the third quarter, high carbon #ferrochrome experienced a unilateral downward trend, with the purchase price of large stainless steel plants dropping by 300 CNY/Ton 50% basis, and the retail market price falling even more by CNY/Ton 50% basis. The production schedule of steel mills has decreased, the demand for ferrochrome has decreased, and the rate of decline in #chrome ore prices lags behind that of ferrochrome prices. The direction of the industrial chain is relatively contradictory, and both upstream and downstream products are under pressure.https://https://lnkd.in/gjJekyjk

Neodymium magnet raw material price chart on 15th-March-2024 An overview of the neodymium magnet raw material latest price. (1) The price of PrNd metal has a decisive effect on the price of neodymium magnets. (2) The price of DyFe alloy has a considerable influence on the cost of high coercivity neodymium magnets. (3) The price of Tb metal has a considerable influence on the cost of high intrinsic coercivity and high energy neodymium magnets. #magnet #rareearth #permanentmagnet #motormagnet #rareearthmetal #pricechart

🌡️ Ferrochrome 101 🌡️ Ever wondered how we get stainless steel? The answer lies in processes like this, where chrome ore is heated to extreme temperatures and converted into ferrochrome—a crucial ingredient in stainless steel production. #Ferrochrome #ChromeProcessing #MaterialsEngineering #IndustryInsights #Metallurgy