November 2020

Tsingshan lowers December FeCr tender price by $15/t

China’s leading stainless steel producer, Tsingshan Group, has lowered its ferro-chrome tender price for December delivery by 100 yuan ($15) per tonne from the previous month.

IN CASE YOU MISSED IT: 5 key stories from November 25

Here are five Fastmarkets stories you might have missed on Wednesday November 25 that are worth another look.

Traders caught in middle of sea freight increase; disruptions worsening

The recent surge in container freight costs and availability of cargo space continue to disrupt trade flows in minerals and metals, with trading companies finding themselves unable to dodge the soaring shipping rates.

IN FIGURES: China’s ores, alloys imports in October 2020

A summary of China’s ores and alloys imports for October 2020.

Weakness in China’s UG2 chrome ore market continues; ferro-chrome prices flat

China’s UG2 chrome ore price fell again in the week to Tuesday November 24, albeit at a slower rate than in previous weeks, while the ferro-chrome market extended its run of stability.

GLOBAL CHROME SNAPSHOT: High-carbon ferro-chrome markets stable, producers look outside Europe

An overview of the chrome ore and alloy markets and their latest price moves.

IN CASE YOU MISSED IT: 5 key stories from November 20

Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.

South African chromite producers pressure govt on export tax

South Africa’s producers of non-metallurgical chromite have formed a lobby group to pressure the country’s government on the recently proposed export tax and achieve a different customs regime that will exempt non-metallurgical grades from the levy.

Chinese chrome participants downplay likelihood of FeCr import tax

There has been much debate on how China, the world’s largest chrome ore and ferro-chrome importer, will react to a possible export tax on South African chrome ore, despite a lack of clarity over the tax rate and its starting date.

PRICING NOTICE: Clarification of Fastmarkets’ UG2 index MgO specification

Fastmarkets has identified a necessary clarification to the magnesium oxide specification for its UG2 chrome ore index.