GLOBAL CHROME WRAP: Charge chrome, chrome ore prices edge up in China

China’s import markets for charge chrome and chrome ore have shown signs of recovery after producers refused to cut offers.

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...

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Janie Davies

Anna Xu

Chris Kavanagh

Karen Ng

Jon Stibbs

May 15, 2018

07:25 GMT

Shanghai, Singapore, London, New York