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...