The second-quarter ferro-chrome benchmark settled up 4 cents to $1.22 per lb, while spot prices are at $1.05-1.10 per lb, delivered Europe.
The price for South African charge chrome into China is at 81 cents per lb, cif Shanghai.
The benchmark settlement is negotiated every quarter by a large South African ferro-chrome producer and a large European consumer. In recent quarters it has been settled by ferro-chrome producer Glencore Xstrata and Luxembourg-based stainless steel mill Aperam.
The number is expected to be announced by next week, possibly even this week.
Throughout this latest round of negotiations, Aperam has been insisting on a reduction, while Glencore has been asking for a rise.
Aperam opened the discussions asking...