GLOBAL CHROME WRAP: Ore, alloy prices in China follow mills’ tender prices upward

Chrome ore and alloy prices rose in China late last week after tight domestic supply in the East Asian country prompted leading stainless steel mills to give higher February bid prices.

  • Chrome ore and ferro-chrome prices rise in China after mills raise tenders
  • Alloy prices edge higher in South Korea
  • European alloy prices edge lower
  • Alloy prices stable in the United States

Chrome ore and ferro-chrome prices jumped again in China on Friday January 26 after leading stainless steel mills raised their monthly tender prices for alloy amid tight supply.
Metal Bulletin’s price assessment for Chinese domestic ferro-chrome on contracts rose by 550-600 yuan per tonne to 7,650-7,900 yuan ($1,209.01-1,248.52) per tonne on Friday, equivalent to $0.935-0.966 per lb, in line with February tenders.
Metal Bulletin’s price assessment for Chinese spot domestic ferro-chrome edged up to 7,800-8,100 yuan per tonne, from 7,700-8,000 yuan per tonne a week earlier. The latest domestic spot ferro-chrome price was equivalent to $0.954-0.990 per lb.

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Janie Davies

Ellie Wang

Chris Kavanagh

Declan Conway

Karen Ng

January 29, 2018

14:36 GMT

London, Galway, Shanghai, New York