GLOBAL CHROME WRAP: Charge chrome prices edge up while rest of Chinese market holds steady

Charge chrome import prices in China moved higher, South African producers raised their offers following the appreciation of the rand and prices weakened both in Europe and the United States.

  • Charge chrome import prices edge higher
  • Ore and domestic alloy prices unchanged in China
  • Prices increase in Japan, hold in South Korea
  • Alloy prices dip in Europe and US

Charge chrome prices edged up in China on strong demand recently while South African offer prices tracked the rand higher.
Metal Bulletin’s charge chrome index, cif Shanghai, rose 1 cent to $1.02 per lb when assessed on February 16.
South African suppliers have been raising their offers in recent weeks, which reflects the strengthening of their local currency pushing costs higher.
The rand approached a three-year high against the dollar on Thursday February 15 following the resignation of President Jacob Zuma on the previous day, ending his nine years in charge.
Buying in China wound down for the Lunar New Year holidays toward the end of the week, leaving domestic ferro-chrome and chrome ore prices flat.

Metal Bulletin’s quotation...

Published

Janie Davies

Ellie Wang

Chris Kavanagh

Karen Ng

February 20, 2018

12:19 GMT

London, New York, Shanghai