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Metal Bulletin’s price quotation for China’s domestic spot ferro-chrome prices, delivered, dropped to 6,900-7,200 yuan ($1,094.52- 1,142.08) per tonne on Friday April 20, from 7,000-7,200 yuan per tonne previously. This is equivalent to $0.861-0.886 per lb.
“A middle-sized steel mill, Fuxin Special Steel, based in Chinese Fujian province, has set its ferro-chrome purchase price at 6,900 yuan per tonne,” a source said.
“Fuxin Special Steel will buy around 3,000 tonnes of ferro-chrome for May,” the source added.
“The ferro-chrome spot price is still sliding with sentiment remaining negative,” a major ferro-chrome buyer in a northern China stainless steel mill said.
Metal Bulletin’s assessment of Chinese domestic contract...