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...