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...