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...