GLOBAL CHROME WRAP: Tight supply supports alloy prices in Europe, demand light

The markets for ferro-chrome with both high carbon and low carbon (0.10% C) content ticked upward in the week ended Friday October 4, with support from low supply volumes coming into the spot market.

High- and low-carbon alloy prices rise in Europe Imported alloy price in China increases Domestic alloy price rolled over in China US alloy market stable. Prices for high and low carbon (0.10% C) ferro-chrome in Europe ticked up but strongly subdued demand means that a sustained price recovery is unlikely in the short term, according to market participants. Fastmarkets’ assessment of the price of ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, rose by 1 cent to $1.62-1.73 per lb on October 4. “Some producers would prefer to cut production rather than sell at these low prices, so we are selling on the spot market to new customers,” a producer said. Another producer said that it would stay out of the spot market for 0.10% C ferro-chrome because there was still too much competition and prices were too low. “There is plenty of material around,” a trader said. “There is a lot of alloy...

Published

Chris Kavanagh

Jon Stibbs

October 07, 2019

19:07 GMT

London, New York