Charge chrome import prices gain in China
UG2 chrome ore prices edge higher
China’s domestic ferro-chrome prices hold
Alloy prices weaken in South Korea and Japan
Alloy prices flatline in Europe and the United States
Charge chrome and chrome ore prices staged a modest rebound in China on Friday May 11 due to producers standing firm on offer prices.
Metal Bulletin’s charge chrome index, cif Shanghai rose 1 cent to 86 cents per lb.
Supplier sources said buying interest has returned to the market and predicted stable or higher prices into this week.
“We are receiving bids at $0.86-0.87 per lb because the Chinese domestic market has improved,” one supplier source told Metal Bulletin.
Metal Bulletin’s price quotation for China’s domestic spot ferro-chrome prices was 6,850-7,000 yuan ($1,080-1,104) per tonne on May 11, flat with the prior week.
“Ferro-chrome suppliers are not interested in selling at these prices and...