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....