China’s UG2 chrome ore, ferro-chrome markets stabilize ahead of Golden Week holiday

The UG2 chrome ore and ferro-chrome markets were stable in the week to Tuesday September 29, with trading activity slowing down ahead of the Golden Week holiday on October 1-8.

Fastmarkets’ chrome ore South Africa UG2 concentrates index basis 42%, cif China was $139 per tonne on Tuesday, unmoved from the preceding week.
Sellers and buyers reported a lack of activity and told Fastmarkets they expect the ores and alloys markets to remain subdued during the eight-day Golden Week holiday.

Logistics in the country are expected to be largely unaffected by the holiday period, but some smelters in southern China, that mainly rely on trains to transport chrome ore from ports to...

Published

Jon Stibbs

Siyi Liu

September 30, 2020

12:08 GMT

London, Shanghai