Slow trading activity amid poor demand pressured China's spot ferro-chrome prices down in the week to Tuesday March 24, with weakened sentiment clouding the near-term outlook with signs of easing supply tightness against a falling UG2 chrome ore market, sources said.
Fastmarkets' assessment of the ferro-chrome spot 6-8% C, basis 50% Cr, ddp China price moved down by 200 yuan ($30.69) to 8,500-8,700 yuan per tonne on Tuesday, from 8,700-8,900 yuan the week prior.Despite the expectation that restrictions in the ferro-chrome production heartland of Inner Mongolia are going to last in the second quarter, the increased output in southern regions as well...