GLOBAL CHROME WRAP: Softening demand, strong stocks weigh on Asian prices; US price dips; European quotation holds up

Lack of buying support and falling prices weighed on the Chinese ferro-chrome price assessment on Friday April 13 and market participants predicted subsequent softening to trickle into Japan, where demand is soft; US high-carbon prices fell temporarily in a quiet trading week.

Japan and South Korea ferro-chrome prices nudge down  Weak demand from stainless steel mills weigh on Chinese ferro-chrome assessments  European ferro-chrome prices remain firm while demand holds up  Quiet US ferro-chrome spot market leads to softening price   Chinese domestic spot ferro-chrome prices assessed by Metal Bulletin dipped last week amid negative sentiment due to a weaker stainless steel sector. Metal Bulletin’s price quotation for China’s domestic spot ferro-chrome prices, delivered, dropped to 7,000-7,200 yuan ($1,116.21- 1,148.12) per tonne on Friday, from 7,500-7800 yuan per tonne previously. This is equivalent to $0.86-0.89 per lb. “The ex-works price in China’s Inner Mongolia district can be as low as 6,800-6,900 yuan per tonne,” a major producer in Inner Mongolia said. “After adding delivery charge, 7,000-7,200 yuan per tonne is a fair transaction price.” “Stainless steel mills are not interested in buying due to their profit losses, while traders are...


Ellie Wang

Anna Xu

Chris Kavanagh

Karen Ng

Jon Stibbs

April 16, 2018

16:54 GMT

London, Shanghai, Singapore, New York