Analysis and forecast of price trend of raw and auxiliary materials for foundry (6)

3) High carbon ferrochrome, micro carbon ferrochrome

The ferrochrome market showed an overall upward trend in 2007. It was only affected by the upward adjustment of the export tariff on ferrochrome to 15% in June 2007 and the reduction of global stainless steel enterprises. The prices of high chromium and micro-chromium all fell in July, but The strong support for the high price of imported chrome ore has not decreased much (currently, 42% of the Philippine block mine has a small amount of 80 yuan/ton).

It is known from Figures 10 and 11 that the domestic high chromium price rose from the lowest price of 7380 yuan/base to last year to the highest price of 17,000 yuan/baset this year; the price of micro-chrome rose from the lowest price of 11150 yuan/base to the highest price this year. 24,500 yuan / ton.

Since January 1, 2008, the import tariff rate for ferrochrome has been lowered. With the sharp increase in chrome ore, coupled with the South African power crisis and ferroalloy plant accidents in 2008, the major chrome ore and ferrochrome exporting countries, the ferrochrome prices in the European and American markets have repeatedly broken through historical highs. At present, the high price of domestic goods is because the foreign receiving price is much higher than that of the domestic market, which makes the domestic prices soar and the supply of goods is in short supply. Therefore, we predict that the prices of high chromium and micro chromium will continue to rise in the second half of 2008.

Figure 10 High chrome price chart from 07 to 08 May

Figure 11 Price Chart of Micro Chromium (C0.06) from 07 to 08 May

Third, pig iron series: review 07 market, forecast 08 trend

In 2007, it was still a difficult period for domestic pig iron prices. Because domestic steel mills and Brazil and Australia's iron ore giants talked about the "lightning" of China's import of iron ore prices at the beginning of the year, Baosteel took the lead in global price by "recovering the price of 9.5%". Determine the attitude of iron ore prices.

Jin Jiaoxie secret word [2006] No. 25 "Notice on related issues such as coke price in January 2007" clearly stated that the price increase of coke in January 2007 was 30 yuan/ton in December 2006. It can be seen from the 12 map that the price of pig iron z14 rose from 2,300 yuan/ton at the beginning of the year to 3,700 yuan/ton in December, an increase of about 40%. In 2008, pig iron was affected by a 65% increase in iron ore prices. In addition, some pig iron plants will be closed before the Olympics. Therefore, the prices of pig iron and scrap will continue to rise in the second half of 2008.

Figure 12 Price chart of pig iron (Z14) from 07 to 08

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