GLOBAL CHROME WRAP: Ore, alloy prices drop in China on lower June tenders

Chrome ore and alloy prices dropped in various global regions in the week ended Friday May 31, with bearish sentiment in China deteriorating further after the release of lower tender prices for June.

https://www.metalbulletin.com/My-price-book.html?price=42260Chinese domestic spot prices follow tenders downward Import prices for charge chrome and UG2 drop Turkish lumpy ore prices hold steady Alloy prices slide in Japan, South Korea Alloy prices weaken in Europe. Chinese domestic spot ferro-chrome prices continued to fall on May 31 after domestic suppliers reduced their offer prices again, amid weaker demand following the release of lower June tenders. Fastmarkets assessed the Chinese ferro-chrome price in the domestic spot market at 6,600-6,800 yuan ($951-980) per tonne on May 31, down by 100 yuan per tonne week on week. China’s leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel – reduced their June tender prices for high-carbon ferro-chrome by 350 yuan ($51) per tonne. Fastmarkets’ assessed the price for domestic Chinese ferro-chrome on long-term contracts at 6,550-6,750 yuan per tonne on May 31, in line with June tenders. This was down...

Published

Janie Davies

Chris Kavanagh

Jon Stibbs

Amy Lv

June 03, 2019

14:42 GMT

Shanghai, Singapore, London, New York