GLOBAL CHROME WRAP: Tight supply supports weak market for alloys in Europe

The market for low carbon ferro-chrome (0.10% C) in Europe rose on Friday September 20, indicating that prices had bottomed-out at a historic low level, with demand remaining subdued.

Rise in low- and high-carbon alloy prices in Europe Spot alloy prices firm in China on higher Tisco tender price Imported alloy price in China steady Imported chrome ore prices stable US alloys fall amid weak demand. Prices for the strongly subdued markets for high- and low-carbon (0.10% C) ferro-chrome in Europe rose in the week ended Friday September 20 following a tightening of supply. Fastmarkets’ assessment of the price of ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, narrowed upward by 2-3 cents to $1.61-1.72 per lb on Friday. Prices had sunk to a ten-year low with producers competing for the limited liquidity available in the market. But this period of aggressive offering between producers has ended, according to one producer. “No one is lowering their prices any longer,” he said. Instead, the market should continue to strengthen further, another producer said. “I don’t doubt that low-carbon ferro-chrome...

Published

Chris Kavanagh

Susan Zou

Jon Stibbs

September 23, 2019

18:58 GMT

London, Shanghai, New York