Whether the ferro-chrome market rises further remains to be seen.

“Port prices have not responded to rising seaborne prices, so that’s put a cap on things,” the same source said.

One reason behind this bearish view is the weakness exhibited in nickel futures in recent days.

Bloomberg reported that China has stepped up its campaign to rein in commodity prices

Panzhihua Iron and Steel Supplying Rails to Mexico's Mayan Railway

China’s domestic magnesium price increased sharply after authorities in Zhongwei - a key ferro-alloy production hub in Ningxia Hui Autonomous Region - issued a production cut notice due to high energy-consuming enterprises on Thursday June 3.

[Ferro-Alloys.com] The Minister of Trade, Industry and Competition, Ebrahim Patel, along with industry stakeholders from the steel and metal fabrication sector signed a Master Plan for the sector on Friday 11 June 2021

The new development pattern relies on the domestic market as the mainstay of the economy, while domestic and international markets support each other.