The UG2 market was unchanged, however, with little business reported.
Fastmarkets’ chrome ore South Africa UG2 concentrates index, basis 42%, cif China
, was steady for a third consecutive week at $139 per tonne on Tuesday.
There were reports of some buyers making lower bids on their return from China’s Golden Week holiday, which ran October 1-8. But there was no indication that producers were prepared to lower their own offer prices.
At the same time, offers above $140 per tonne were not accepted during the pricing session.
Market participants reported that sentiment was stable after China’s largest steel mills kept their...