Fastmarkets’ price assessment for ferro-chrome, spot 6-8% C, basis 50% Cr, ddp China
, was 5,900-6,100 yuan ($844-872) per tonne on Friday February 7, up 200 yuan or 3.3% from 5,700-5,900 yuan per tonne the previous week.
Since the coronavirus outbreak, authorities have tightened road transport restrictions and delivery trucks are not allowed to travel through many counties and villages. As a result, delivery costs have escalated, according to market participants.
“Even though buyers are willing to pay more, it is now very hard to find available delivery trucks,” a trader said.
Some ferro-chrome producers have stopped quoting prices over the past week,...