Weakening FeCr price in China starts to weigh on European market

The markets for high- and low-carbon ferro-chrome in Europe softened in the week ended Tuesday April 27 following weakening in the markets in Asia, particularly China.

Fastmarkets’ price assessment for ferro-chrome, 0.10% C, average 65-70% Cr, delivered Europe, was $1.87-2.36 per lb Cr on April 27, a fall of 4-26 cents per lb Cr (6.6%) from $2.13-2.40 per lb Cr on March 30.
There was a big fall at the bottom end of the range in response to material becoming available at lower prices, with some traders reported to be liquidating material they had purchased when prices were lower, market participants said.
“There is plenty of material available in the market, and that has increasingly been the case since prices fell in China,” a consumer said.

In China, lower tender prices from the country’s largest stainless-steel producers for May delivery triggered falls in...

Published

Jon Stibbs

April 28, 2021

19:25 GMT

London