Chrome market weighs effects of Chinese travel restrictions

The UG2 chrome ore and ferro-chrome alloy markets in China were stable over the week ending on Friday January 31, although some market participants think travel restrictions could push up prices when buyers return from the Chinese New Year holiday.

The Chinese New Year holiday break was extended from January 30 to February 2 this year due to the worsening outbreak of the Wuhan coronavirus.
If the coronavirus outbreak manages to dampen China’s stainless-steel production, it can be expected to weaken demand for feedstock in turn.
The Chinese government has tightened road transport restrictions to combat the spread of the coronavirus, with delivery trucks not allowed to travel through many counties and villages, sources told Fastmarkets.

Most ferro-chrome smelters have reported little impact from the holiday extension because they bought chrome ore in...

Published

Jon Stibbs

Siyi Liu

February 03, 2020

16:53 GMT

London, Shanghai