GLOBAL CHROME SNAPSHOT: New Chinese tender price sparks spot market surge

An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday July 27 and their latest price moves.


China

Stainless steel mills in Tsingshan set their August-delivery tender price for ferro-chrome at 10,795 yuan ($1,664) per tonne, an increase of 2,400 yuan per tonne (29%) from the previous month. The tender price rise led to a sharp rise in spot prices, with domestic suppliers increasing their offers to the highest level since September 2008. The imported charge...

Published

Chris Kavanagh

Jon Stibbs

Siyi Liu

July 27, 2021

19:50 GMT

London, Shanghai, New York