GLOBAL CHROME WRAP: Spot ferro-chrome prices in China stable, ores fall

Ferro-chrome spot prices in China were unchanged in the week ended Friday November 30 after the drop in tender prices to December from November was smaller than expected.

Chinese mills’ ferro-chrome tender price falls by 50 yuan ($7) per tonne Chinese imported and domestic ferro-chrome spot prices stable Alloy prices into Japan and South Korea fall High-carbon ferro-chrome price into Europe unmoved, low-carbon price falls Chrome ore prices imported into China fall US market flat on lack of activity. China’s domestic spot and imported ferro-chrome markets stabilized in the week that ended on Friday November 30 with support from prices for December’s tenders by the country’s leading stainless steel mills that were higher than had been expected. Tsingshan Group, Taiyuan Iron & Steel (Tisco) and Baosteel lowered their December tender prices for high-carbon ferro-chrome by 50 yuan per tonne. Fastmarkets’ December price assessment, calculated on November 30, for Chinese domestic ferro-chrome on long-term contracts was 6,700-6,950 ($964-1,000) yuan per tonne based on tender prices. This was down from 6,750-7,000 yuan per tonne for November. One...

Published

Chris Kavanagh

Karen Ng

Jon Stibbs

Amy Lv

December 03, 2018

15:29 GMT

London, Shanghai, Singapore, New York