GLOBAL CHROME WRAP: Charge chrome jumps 4.5% on tightening Chinese alloy supply

South African charge chrome imports to China are fetching higher prices due to production cuts at domestic Chinese smelters.

Alloy prices jump in China Ore prices continue rising Alloy prices edge higher in Japan, weaken slightly in South Korea Alloy prices dip in Europe, United States Charge chrome import prices jumped in China on Friday June 8 amid strong demand and tightening domestic ferro-chrome supply as a result of production cuts. Metal Bulletin’s charge chrome index, cif Shanghai surged 4.5% or 4 cents per lb to 93 cents per lb on June 8. “There has been more movement this week, it has been a much improved market and liquidity should continue to increase,” a producer source told Metal Bulletin. Chinese ferro-chrome smelters have been cutting production in response to government-imposed environmental regulations. A number of fresh cuts were made last week in China's major production hub Inner Mongolia, after an environmental inspection team arrived. Metal Bulletin’s price quotation for Chinese spot domestic ferro-chrome prices rose to 7,200-7,400 yuan...

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Janie Davies

Anna Xu

Chris Kavanagh

Karen Ng

Jon Stibbs

June 12, 2018

08:05 GMT

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