GLOBAL CHROME WRAP: Chrome prices stable in China as trading winds down for Chinese New Year

Ferro-chrome prices held in China and chrome ore prices weakened, as spot trading wound down ahead of Chinese New Year, after mills had bought in early.

Ferro-chrome prices hold in China as holidays approach Chrome ore prices edge lower Alloy prices jump in Japan, South Korea Alloy prices jumping Asia as special steel orders grow US alloys prices edge higher Ferro-chrome prices held in China and chrome ore prices weakened, as spot trading wound down ahead of Chinese New Year, after mills had bought in early. Metal Bulletin’s charge chrome index, cif Shanghai, was unchanged at $1.01 per lb. Metal Bulletin’s quotation for the Chinese domestic ferro-chrome spot price held at 7,900-8,200 yuan per tonne, equivalent to $0.967-$1.00 per lb. Stainless steel mills had arranged deliveries early to avoid being caught without material as heavy snow disrupted inland transport the previous week. “Domestic ferro-chrome purchasing has been almost stagnant. A lack of transport capacity pushed stainless steel mills to arrange purchasing earlier, otherwise it is very difficult to arrange inland logistics,” a ferro-chrome...

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Janie Davies

Ellie Wang

Chris Kavanagh

Karen Ng

February 12, 2018

12:06 GMT

London, Shanghai, Singapore, New York