Improved sentiment supports UG2 chrome ore prices in China; charge chrome prices dip

Key data from Fastmarkets’ ferro-chrome pricing sessions in China, Europe and the United States in the week ended Tuesday November 30.

China • The UG2 chrome ore market rose on improved sentiment, supported by producers’ increased demands for feedstock because of strong production activity. • Sellers pushed up their offers in response to strengthened buying appetite amid a sharp drop in chrome ore stocks in China over the past month. The newly emerged Omicron variant of Covid-19 also sparked some concerns about South Africa’s ore export activities. • Spot ferro-chrome trading...

Published

Claire Patel-Campbell

November 30, 2021

18:47 GMT

London, Shanghai