GLOBAL CHROME WRAP: Ferro-chrome prices into Europe, US move up amid Lunar New Year holiday

High-carbon and low-carbon ferro-chrome prices into Europe and the United States edged up over the past week, while Lunar New Year holidays across Asia kept markets in the region quiet.

Charge chrome and ore prices into China stable Chinese domestic ferro-chrome price assessment rolled over Japanese and South Korean ferro-chrome prices unchanged Alloy prices into US and Europe tick up Prices for charge chrome, UG2 and Turkish lumpy chrome ore were all stable in the week ended Friday February 8 amid low liquidity due to the Lunar New Year holidays, which resulted in the absence of many Asian market participants for most of the week. Fastmarkets’ charge chrome index, cif Shanghai, was $0.81 per lb on February 8, unchanged from the prior week. “Buyers are scared to do anything in case the market drops,” a producer said. “There is no point in them taking a risk.” Fastmarket’s UG2 index, cif China, was similarly unmoved week on week, holding at $161 per tonne on February 8. “If the supply of UG2 is there – as it’s supposed to be – then I don’t...

Published

Chris Kavanagh

Jon Stibbs

February 12, 2019

02:45 GMT

London, New York