Restrictions on smelters support Chinese ferro-chrome alloy markets

China’s domestic spot market for high-carbon ferro-chrome went up in the week to Tuesday September 14, reflecting tight availability and an expectation of good consumer demand.

Fastmarkets’ weekly price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, rose by 100-200 yuan per tonne to 10,000-10,300 yuan ($1,553-1,599) per tonne on Tuesday, from 9,800-10,200 yuan per tonne previously.
Suppliers raised their offer prices in response to lingering concerns in the market over supply tightness.
In northern China, Inner Mongolia’s ferro-chrome production bottleneck persisted, while smelting operations remained largely at a halt in the southern provinces of Guizhou and Guangxi, participants told Fastmarkets.
Activity has been hindered by electricity restrictions imposed by local governments.

“Supply from the south in particular has...

Published

Jon Stibbs

Siyi Liu

September 15, 2021

11:48 GMT

London, Shanghai