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...