The spot market price for domestic ferro-chrome slid amid sparse trading activity following the tender announcement.
Fastmarkets’ price assessment for ferro-chrome, spot 6-8% C, basis 50% Cr, ddp China
, was 5,600-5,800 yuan ($800-829) per tonne on Friday, down by 100 yuan or 1.7% from 5,700-5,900 yuan the previous week. The market was last at a lower level on April 22, 2016, when the price was 5,200-5,000 yuan per tonne.
Tsingshan Group, which is headquartered in eastern China, set its March high-carbon ferro-chrome tender price at 5,647 yuan ($807) per tonne,...