GLOBAL CHROME WRAP: European high carbon, low carbon ferro-chrome prices diverge; Chinese market stabilizes

The price for high carbon ferro-chrome in Europe narrowed upward in the week ended Friday September 6 after availability of lower priced material continued to dry up.

At the same time, the European low carbon ferro-chrome market fell further amid persistently weak demand and aggressive offers from sellers.
  • High carbon ferro-chrome in Europe nudges upward
  • Low carbon ferro-chrome in Europe continues to fall
  • Ore and alloys prices in China unchanged amid limited spot trades
  • Alloys tender prices in China little changed from last month
  • Disappointing tender prices may dampen expected ore price rise
  • US ferro-chrome market softens on weak activity

The European high carbon ferro-chrome market recovered slightly last week, when some market participants said prices had reached a bottom.
Fastmarkets’ price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe stood at $0.72-0.80 per lb on September 6, narrowing upward by 2 cents from $0.70-0.80 per lb a week earlier.

“The market has reached its bottom - no one can afford to produce at...

Published

Chris Kavanagh

Susan Zou

Jon Stibbs

September 10, 2019

04:10 GMT

London, Shanghai, New York