GLOBAL CHROME WRAP: Chinese ferro-chrome spot prices, tenders jump amid widespread smelter shutdowns

Domestic Chinese ferro-chrome prices have risen in line with July tender prices from leading stainless steel mills.

  • Spot domestic ferro-chrome prices rise in China
  • Chrome ore, charge chrome import prices slide
  • Japanese alloy prices edge up
  • Ferro-chrome prices rise in Europe
  • Alloy markets flat in South Korea, United States

Chinese spot domestic ferro-chrome prices rose 4% in the week to Friday June 29, after leading stainless steel mills raised their alloy tender prices for July amid widespread smelter shutdowns.
Metal Bulletin’s price quotation for Chinese domestic ferro-chrome on contracts rose to 7,550-7,800 yuan ($1,134-1,172) per tonne on June 29, up 700 yuan per tonne from a month earlier.
Metal Bulletin’s assessment for Chinese spot domestic ferro-chrome prices stood at 7,700-8,000 yuan per tonne on June 29, up from 7,400-7,700 yuan per tonne a week earlier, in line with the higher tender prices from steel mills.

An expected one-week shutdown for ferro-chrome smelters in Ulanchabu, in north China’s...

Published

Janie Davies

Anna Xu

Chris Kavanagh

Karen Ng

July 03, 2018

08:05 GMT

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