GLOBAL CHROME WRAP: Chinese ferro-chrome prices soften ahead of expected lower tenders; US prices tick up on tight supply

Chinese charge chrome and spot ferro-chrome slipped slightly on Friday March 23 in anticipation of lower Chinese ferro-chrome tender prices for April, while tightening supply pushed up US prices.

  • Chinese charge chrome and spot ferro-chrome prices fall 
  • US high-carbon ferro-chrome quotations rise 
  • South Korea and Japan anticipate softening markets 
  • Stability reigns on European ferro-chrome market

Chinese buyers held back last week while the market softened amid reports of high ore stocks and before to major Chinese stainless steel mills make their April ferro-chrome tender purchases.
Metal Bulletin's charge chrome index cif Shanghai settled at $1.02 per lb on Friday from $1.03 per lb in the previous week.
Metal Bulletin’s price quotation for spot Chinese domestic ferro-chrome fell to 7,600-8,200 yuan ($1,210.67-1,306.25) per tonne - equivalent to $0.930-1 per lb - from 7,700-8,200 yuan per tonne the week before.
Chinese traders have delayed purchases of domestic spot ferro-chrome and cif China charge chrome for April in a falling market.

April tender prices from major Chinese...

Published

Ellie Wang

Chris Kavanagh

Jon Stibbs

March 26, 2018

17:04 GMT

London, Shanghai, New York