Upper group two (UG2) chrome ore and charge chrome prices were firmer on good demand and appreciation of the South African rand, while Asian ferro-chrome prices were mixed and US and European ferro-chrome prices were stable.
UG2 chrome ore and charge chrome prices rise in ChinaChine ferro-chrome prices widen as stocking activity continues in East and South ChinaEurope and US ferro-chrome prices steadyJapan and South Korea ferro-chrome prices fall on lackluster demand South African producers of both charge chrome and chrome ore continued to raise offer prices due to strong demand and the appreciation of the South African rand against the US dollar, which has pushed up their costs in recent months. The rand was trading at 11.80 to the dollar on Monday March 12, compared with 11.73 to the dollar two weeks earlier on February 26.Metal Bulletin's charge chrome index cif China edged slightly higher on Friday March 9, gaining support from the appreciating South African Rand as well as very healthy booking orders from Chinese buyers. In particular, South and East China's stainless steel mills are still...