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Chrome ore suppliers push Chinese buyers for higher prices

February 01, 2012 - 08:01 GMT Location: Shanghai

KEYWORDS: China , ferro-chrome , stainless steel , chrome ore , price

Some overseas producers and traders are touting higher chrome ore prices to Chinese buyers, sensing that demand could improve now the Chinese New Year festivities have finished.

Offers for chrome ore rose by around $5-10 per tonne when compared with pre-holiday levels, with Turkish lumpy 42% at $260-285 per tonne and South African powder 42% at $200-210 per tonne, both on cif China basis, according to traders. “Many market players started asking about prices after the holiday, so suppliers raised their offers to test the market response,...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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