FOCUS: Falling China ferro-chrome imports in July support higher tender prices for September

China’s ferro-chrome imports fell to the lowest level for 2017 in July – mainly as a result of less material shipped from South Africa – leading to expectations of higher ferro-chrome tender prices for September.

China imported 170,350 tonnes of high-carbon ferro-chrome in July, a decrease of 50.21% year on year and 9.95% lower than in June, according to Chinese customs data released on Wednesday August 23.  This is the second consecutive month where ferro-chrome imports have been lower than the monthly average volume this year. In 2017, China imported an average of 216,403 tonnes of ferro-chrome per month. In June, imports totalled 189,168 tonnes of ferro-chrome, according to Chinese customs data. In 2016, the monthly average import volume was 232,058 tonnes. The lower supply of imported ferro-chrome has generated a further bullish view on...

Published

Ellie Wang

August 24, 2017

11:15 GMT

Shanghai