Fastmarkets’ price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China
was 7,500-7,800 yuan ($1,172-1,219) per tonne on Tuesday, up 100 yuan, or 1.3%, from 7,400-7,700 yuan per tonne the previous week.
Production losses due to power restrictions
in Inner Mongolia and Ningxia province have supported market sentiment and deals were heard at higher prices.
In addition, an anticipated drop in June ferro-chrome tender prices incentivized many suppliers to sell cargoes before the announcement
Healthy downstream demand for the alloy sector has increased market participants’ confidence in strong consumption in the short term.
A number of stainless steel mills converted their 200-series facilities to carbon steel production in April and May due to the higher profit...