FORECAST: Producers’ rising costs a precursor to ferro-chrome benchmark increase – sources

The second-quarter European ferro-chrome benchmark price will rise sharply once it is announced later this week, market participants spoken to by Metal Bulletin said.

Traders have reported reduced liquidity while market participants await the release of the new settlement. On Friday, Metal Bulletin’s benchmark indicator predicted that the settlement would be $1.41 per lb, which would represent a quarter on quarter increase of 19% if it proves to be accurate. The Metal Bulletin benchmark indicator has been pushed up by the rises in most ferro-chrome prices since the first-quarter 2018 benchmark was settled in December. For example, Metal Bulletin’s ferro-chrome cif China index, which has historically been a precursor to a higher...

Published

Jon Stibbs

March 20, 2018

12:55 GMT

London