Fastmarkets’ assessment of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China
rose to 8,600-8,900 yuan ($1,330-1,376) per tonne on Tuesday February 23, up by 100-200 yuan per tonne (1.7%) from 8,400-8,800 yuan per tonne the previous week and to its highest level since May 2017.
Ulanqab Industrial and Information Technology Bureau issued a notice on Tuesday February 23 to ration March electricity usage for heavy energy-consumption companies. The city of Ulanqab is a major ferro-alloy production hub in the autonomous region of Inner Mongolia.
The total March electricity usage by high energy-consuming companies should not exceed 2.9 billion kilowatt-hours (kWh), it said.
This is reduced by 600 million kWh and 900 million kWh from 3.5 billion kWh for February and 3.8 billion kWh for January respectively.
The monthly high-carbon ferro-chrome output...