The prices reflect the rising demand among market participants for green ferro-chrome prices from the Chinese market, amid the continuous push by the country, which is the world’s largest ferro-chrome producer, to drive green production of the materials in line with decarbonization goals.
Fastmarkets’ green ferroalloy domestic, ferro-chrome differential, will be assessed every week against Fastmarkets’ established China ferro-chrome price assessment.
The inferred price will be calculated by adding the green ferro-chrome differential on top of the weekly China ferro-chrome price assessment to provide transparency.
The price specifications are as follows:
MB-FEC-0025 Green ferroalloy domestic, ferro-chrome 6-8% C, 50% Cr, differential to FeCr assessment, ddp China, yuan/tonne
Quality: Scope 1-3 emissions of 0-3 tonnes of CO2, composite energy intensity: ≤850 kilogram coal equivalent per tonne, electricity consumption: ≤3300 kWh per tonne, chrome element usage rate: ≥90%, water recycling rate: ≥95%, allowable emission concentration: ≤30 milligram per cubic meter, slag treatment: 100%, 0 wastewater discharge
Quantity: Min 3 tonnes
Location: ddp China
Timing: Open
Unit: CNY/tonne, normalized to Cr 50%
Publication: Weekly. Tuesday 5-6pm Shanghai time
MB-FEC-0026 Green ferroalloy domestic, ferro-chrome 6-8% C, 50% Cr, weekly inferred price, ddp China, yuan/tonne
Quality: Scope 1-3 emissions of 0-3 tonnes of CO2, composite energy intensity: ≤850 kilogram coal equivalent per tonne, electricity consumption: ≤3300 kWh per tonne, chrome element usage rate: ≥90%, water recycling rate: ≥95%, allowable emission concentration: ≤30 milligram per cubic meter, slag treatment: 100%, 0 wastewater discharge
Quantity: Min 3 tonnes
Location: ddp China
Timing: Open
Unit: CNY/tonne, normalized to Cr 50%
Publication: Weekly. Tuesday 5-6pm Shanghai time
These prices are part of the Fastmarkets ores & alloys price package.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Tina Tong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Tina Tong re: China Green Ferro-chrome Prices.” Please indicate if comments are confidential.
Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
