A three-week price rally for the ferro-chrome market in China sped up in the week to Tuesday June 22 on bullish market sentiment after leading producers in China initiated higher prices amid production uncertainty.
"Production has been greatly impacted amid the uncertainty brought by Inner Mongolia's energy controls and electricity supply shortage. This, together with sharply increased production costs, has led to our decision to raise offers in the spot market to 8,000 yuan per tonne," Xin Gang Lian Metallurgy (XGL) said on June 17.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China jumped by 5.2% to 7,900-8,300 yuan...