Core Viewpoint - The domestic high chromium market is experiencing a downward trend in prices, contrasting with the typical price stabilization period as steel mills prepare for monthly procurement rounds [1][5]. Group 1: High Chromium Market - The main factory quotes for high chromium have decreased by 100 yuan per 50 base tons, reaching around 7800-8000 yuan per 50 base tons, with a total decline of 200 yuan per 50 base tons since June [1]. - The high chromium market is under pressure due to increased supply and weak demand from downstream industries, particularly in the context of declining stainless steel production [5]. Group 2: Chromium Ore Market - The price of South African chromium ore (40-42% grade) has dropped to approximately 56 yuan per ton degree, with a cumulative decline of 4 yuan per ton degree since June [3]. - Turkish chromium ore of the same grade has also seen a cumulative decrease of 1 yuan per ton degree, now at 61 yuan per ton degree, while futures prices have fallen by 20 dollars per ton to around 290 dollars per ton [3]. Group 3: Market Expectations - There is an expectation of a price reduction in the upcoming July procurement round for high chromium, with estimates suggesting a decrease of around 300 yuan per 50 base tons [5]. - The high chromium market is facing increased supply pressure due to a significant rise in production over the past three months, coupled with a decrease in downstream demand [5].