- Ferro-chrome, chrome ore prices in China unchanged
- Japanese, South Korean ferro-chrome prices stall
- High-carbon ferro-chrome prices decline in Europe
- US high-carbon ferro-chrome price continues to soften
UG2 chrome ore prices in China were unchanged for the second week in a row this past week amid a lack of liquidity due to the approaching Christmas Day holiday.
Fastmarkets’ UG2 chrome ore index, cif China
, was assessed at $156 per tonne on December 21, flat with the prior week.
Many sellers refrained from offering last week, saying they have already sold out their January volumes and were in no hurry to sell their February units while Chinese ferro-alloy smelters showed limited interest in entering the market for procurement after having completed their restocking in previous weeks.
“We did not offer and the market seems to be relatively quiet, and it will probably be the same next week when many overseas market participants...