GLOBAL CHROME WRAP: China ferro-chrome prices expected to rise after inspections

Leading Chinese stainless steel mills last week issued higher ferro-chrome tender prices for June, which lent support to the prices for UG2 chrome ore and ferro-chrome.

Price for ferro-chrome into China moves up UG2 chrome ore into China nudges higher High-carbon ferro-chrome in Europe unchanged Low-carbon ferro-chrome ticks up on top end Ferro-chrome prices in Japan and South Korea rise.
Metal Bulletin’s price assessment for China-origin domestic ferro-chrome on contracts rose to 6,850-7,100 yuan ($1,068-1,107) per tonne on Friday June 1, up by 200 yuan from the tender prices in May.

“The ferro-chrome market is being supporting by output reductions in the provinces of Fujian, Sichuan, Jiangsu and Hunan - owing to profitability problems - as well as by concerns about further output disruptions to be expected soon in the major production hub of Inner Mongolia, after central China’s environmental inspection team arrives there,” a producer in Inner Mongolia said.

“Major stainless steel mills raised their tender prices for June because they could not find sufficient supply at low prices,” the producer added....

Published

Anna Xu

Chris Kavanagh

Karen Ng

Jon Stibbs

June 04, 2018

19:55 GMT

London, Shanghai, Singapore, New York