Fastmarkets assessed the price of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China
at 5,600-5,800 yuan ($801-830) per tonne on Friday December 27, down by 200-300 yuan per tonne - or 4.2% - from 5,800-6,100 yuan per tonne in the prior week. The latest assessment’s midpoint of 5,700 yuan per tonne marks the lowest since April 2016.
Last week’s decline comes after Chinese stainless steel mills Tsingshan Group, Baosteel and Taiyuan Iron & Steel (Tisco) all cut their high-carbon ferro-chrome tender prices for January
against a backdrop of persistent oversupply in the market.