Chrome ore and alloy prices continued to trend lower in China on Friday November 16 on thin market activities and lingering weak sentiment, while the European and US markets continued to suffer from increased seller competition amid subdued demand conditions.
UG2, charge chrome prices soften on thin trading, bearish sentimentChinese domestic market holds flat amid inactivityKorean prices slide on tepid demand; Japanese market holds flatEuropean market continues downturn on limited buying interestUS market slides in amid increased competition Bearish sentiment pressures chrome ore, charge chrome prices UG2 chrome ore prices dipped in China due to high stocks and general bearish sentiment that left buyers looking for cheaper deals. Fastmarkets' UG2 chrome ore index, cif China, dropped by $5 per tonne to $163 per tonne on Friday. Very few new deals for UG2 chrome ore were heard in the pricing week ended November 16 amid the falling market. Some traders chose to continue watching market movement instead of entering the market and giving their own offers. "We did not offer this week, and currently we are not in a rush to sell...