GLOBAL CHROME WRAP: Ore, alloy prices rise in China ahead of April tenders, power constraints

Chrome prices were rising in China in the week ended Friday March 8 due to expectations of higher alloy tender prices for April and lingering concerns about power supplies.

UG2 price jumps by $11 per tonne Turkish lumpy chrome ore price stirs Imported and domestic ferro-chrome prices rise in China Alloy prices rise in Japan, South Korea and Europe Alloy prices weaken in US. Chrome ore and ferro-chrome prices jumped in China on Friday March 8 amid bullish sentiment, following an increase in the alloy tender price and electricity constraints in two producing regions. Fastmarkets’ UG2 chrome ore index, cif China, jumped by $11 per tonne or 6.4% week on week to $183 per tonne on March 8, its highest since July 27. There were reports that some material was being held back from the market in expectation of further price increases. “The market was not very active, not only because chrome ore traders were reluctant to offer on price rise expectations but also because many market participants were waiting for price direction from the [Fastmarkets] Hong Kong Conference,” a...

Published

Janie Davies

Chris Kavanagh

Karen Ng

Amy Lv

March 11, 2019

20:42 GMT

London, Shanghai, New York, Singapore