Fastmarkets’ chrome ore, South Africa UG2 concentrates index, basis 42%, cif China
, was $136 per tonne on Friday, unchanged from the previous week.
But market sentiment remained positive and the chrome ore market was expected to strengthen when buyers return to work after the holiday, according to some market participants.
“Every year, we see a surge in chrome ore prices after the [Chinese new year] break,” a trader said.
The price for UG2 chrome ore rose by 2.5% after the lunar new year holiday in February 2019...