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UG2 chrome ore still rising after platinum strike ends
June 27, 2014 - 16:44 GMT
steel-making raw materials
South African chrome ore prices continued rising on Friday June 27 as suppliers warned it will be many weeks before production returns to normal, following the end of South Africa’s five-month platinum mining strike.
UG2 chrome ore prices rose to $180-190 per tonne, compared
with $170-180 per tonne on June 20 and $165-170 on June 6.
Market sources in China said offers had reached $190 per tonne
- and while limited business had been transacted at that level,
the market is generally higher than $185. "The only product the
Chinese are interested in is lumpy ore - and you can't get
lumpy in South Africa," a trader in Europe told Metal Bulletin.
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Euromoney Institutional Investor PLC.
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