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 these levels,” a producer said. “But demand has not...

Published

Chris Kavanagh

Susan Zou

Jon Stibbs

September 10, 2019

04:10 GMT

London, Shanghai, New York