GLOBAL CHROME WRAP: Little change to soft markets in China, Europe, US [CORRECTED]

Ore and alloy prices were stable in most global spot markets in the week ended Friday July 12, with excess supply continuing to put pressure on producers.

UG2 ore price, cif China, ticks up; Turkish lumpy ore stable Charge chrome market in China unchanged High-carbon ferro-chrome range ddp Europe widens Ferro-chrome price in Japan narrows downward. Falls in the market for chrome ore stalled last week amid suppliers’ attempts to hold offer prices steady. but it was unclear whether the market would soften further in the coming weeks. Fastmarkets’ weekly assessment for chrome ore, South Africa UG2 concentrates index, basis 42% cif China, rose by $1 to $141 per tonne on July 12. The index edged up after business was heard to be concluded in the spot market at higher prices than last week’s index. Major South African producers have held their offers at $140-145 per tonne, Fastmarkets understands. “I haven’t heard ore producers lowering their prices yet. They have taken a wait-and-see stance,” one trader said. “It’s possible the ore price would move in either direction, but it would only...

Published

Jon Stibbs

Nikki Ni

July 15, 2019

20:38 GMT

London, Shanghai