China: Tsingshan reduces Dec'24 ferro chrome tender prices by RMB 700/t ($97/t)

China's Tsingshan significantly reduced its ferro chrome tender prices for Dec'24 by RMB 700/t ($97/t) m-o-m to RMB 7,395/t ($1,021/t) DAP, including taxes. Sources informed BigMint that the company's sufficient inventories of ferro chrome, as well as stainless steel, prompted this price drop. At the time of reporting, domestic prices in China (HC50%) stood at RMB 7,600/t ($1,049/t) exw-Inner Mongolia.