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Japan's Purchase Price of HC FeCr for Jan-Mar Up by US Cents 55
= US Cents 173 per lb due to increase in raw material prices like ore price =
Japanese stainless steel mills have continued negotiation with multiple foreign ferro-chrome producers to fix the purchase price of high-carbon ferro-chrome for the period from January to March in 2017, and have recently come to an agreement on the price to be up by US Cents 55 from the prior period. The price is US Cents 173 per lb by estimate and marked a massive increase more than the prior period.

The reason why the price was up from the prior period this time was because (1) The world production volume of stainless steel is steady, (2) The supply of chrome ore is reduced and the price is up, (3) The coke price for electric arc furnace is also up with the increase in the coal price and (4) In China that is an Asia's biggest FeCr producing country, the domestic price continues rising.

The trends in the prices since the year 2015 is <> During January to March in 2015: Cents 116 (down by Cents 7 ditto), <> April to June: Cents 116 (unchanged ditto), <> During July to September: Cents 116 (unchanged ditto), <> During October to December: Cents 112 (down by Cents 4 ditto), <> During January to March in 2016: Cents 100 (down by Cents 12 ditto), <> During April to June: Cents 90 (down by Cents 10 ditto), <> During July to September: Cents 106 (up by Cents 16 ditto), <> During October to December: Cents 118 (up by Cents 12 ditto) and <> During January to March in 2017: Cents 173 (up by Cents 55).
last modified : Wed 28 Dec, 2016 [10:55]
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