GLOBAL CHROME WRAP: Prices hold in China; sentiment improves amid steel sector strength

China’s ferro-chrome market was stable just after Lunar New Year, while market participants predicted prices will rise in the coming week as a result of the country’s strengthening stainless sector.

Ferro-chrome prices hold in China after Lunar New Year UG2 chrome ore prices edge higher in China Higher ferro-chrome tender prices expected for March Alloy prices rise in all other regions Ferro-chrome prices held in China on Friday February 23, on strengthening market sentiment amid good steel sector performance and the appreciation of the South African rand.

Metal Bulletin’s charge chrome index cif Shanghai, rolled over at $1.02 per lb.

Metal Bulletin’s price quotation for spot Chinese domestic ferro-chrome held at 7,900-8,200 yuan ($1,250.93- 1,298.38) per tonne, equivalent to $0.963-$1.00 per lb.

Market participants said they expect stainless steel mills to release higher ferro-chrome tender prices for March at the end of this month, mainly due to rand appreciation, yuan appreciation and anticipated higher operation rates at stainless steel mills and ferro-chrome...

Published

Janie Davies

Ellie Wang

Chris Kavanagh

Karen Ng

February 26, 2018

11:26 GMT

London, New York, Shanghai, Singapore