Tight supply, transport disruptions push up domestic Chinese ore and alloy markets
Charge chrome import prices jump on rand appreciation
Prices edge up in Japan
European market slips amid thin trading
US market widens amid sporadic spot demand
Chrome ore and ferro-chrome prices rose again in China on Friday February 2, amid tightening supply and higher inland freight costs due to the snowy weather.
Metal Bulletin’s price assessment for Chinese spot domestic ferro-chrome rose to 7,900-8,200 yuan per tonne from 7,800-8,100 yuan per tonne a week earlier.
The latest domestic spot ferro-chrome price is equivalent to $0.97-1.01 per lb.
“Chinese domestic spot cargoes prices are rising on tight supply and higher inland freight charges, especially in northern China due to snow, which makes inland transportation difficult,” a major ferro-chrome trader said.
Import prices also rose since the appreciation of the South African...