Weekly Report of Chromium Market (1.18-1.22): The price of ferrochrome has increased dramatically, and the chrome ore market has been strongly supported.

From the perspective of power generation, from January to December 2020, China's industrial power generation above designated scale growed by 2.7% year-on-year.

The bidding prices of steel plants in February are close to or even more than 8000 yuan per ton, injecting confidence into the spot market of ferrosilicon.

China ferrosilicon (≤55%) exports down 39.02% in 2020.

China ferrosilicon (≤55%) exports down 18.155% in December 2020.

China ferrosilicon (>55%) exports up 15.51% in December 2020.

China ferrosilicon (>55%) exports down 27.53% year on year in 2020.

The 2105 ferrosilicon contract price on ZCE closed at 7180 yuan per ton on January 21.