GLOBAL CHROME WRAP: Charge chrome, European high-carbon ferro-chrome prices tick up; markets stable

Higher sales prices brought slight price increases to European high-carbon ferro-chrome and imported charge chrome in China in the week ended Friday January 25 amid low activity prior to the Chinese New Year holiday.

Imported charge chrome in China increases by 1.3%  Domestic spot ferro-chrome prices in China stable  Imported ferro-chrome into Japan, South Korea and US steady  European high-carbon ferro-chrome ticks up  Ores imported into China unmoved The chrome ore and alloys markets were mostly stable in the pricing session ended Friday January 25 amid subdued activity in advance of Chinese New Year (February 4-10). But Fastmarkets’ charge chrome index, cif China, nudged up by $0.01 - or 1.3% - to $0.81 per lb on Friday in response to reports of higher bids. Yet other buy-side participants did not recognize the need to increase their bids, and no trades were reported. Some market participants told Fastmarkets they felt signs of improved sentiment in the imported charge chrome ferro-chrome market. “We are cautiously optimistic - we see more upward than downward risks at the moment, and expect [Chinese mills’ ferro-chrome]...

Published

Karen Ng

Jon Stibbs

Amy Lv

January 29, 2019

14:48 GMT

London, Shanghai, Singapore