Elevated offer prices push Japanese, South Korean ferro-chrome markets higher

Import prices for high-carbon ferro-chrome in both Japan and South Korea continued to rise last week, reflecting elevated offer prices from Indian suppliers due to the limited availability of material and a recent surge in the price of chrome ore.

Fastmarkets’ fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan rose to $0.69-0.73 per lb on Thursday June 4, up by 1-2 cents per lb (1.4%) from $0.68-0.71 per lb on May 21.
Similarly, Fastmarkets’ fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup South Korea climbed to $0.69-0.72 per lb on June 4, up by 2 cents per lb (2.9%) from $0.67-0.70 per lb on May 21.

With an increasing number of inquiries and offers in the spot market, several deals were reported, compared with an absence of trading activities throughout April and May, when India was...

Published

Siyi Liu

June 09, 2020

07:17 GMT

Shanghai