China's electricity constraints spark leap in ferro-chrome prices

China's spot domestic ferro-chrome market jumped in the week ending Tuesday September 28 due to a supply shortage amid production disruptions.

Fastmarkets assessed ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China at 11,100-11,500 yuan per tonne on Tuesday, up 1,100-1,200 yuan from 10,000-10,300 yuan per tonne on September 21. Last week, the assessment was rolled over from the previous week due to the Mid-Autumn Festival holiday in China.
The spot price surge could be attributed to tightening supply against a backdrop of widespread production curbs in major production hubs such as Inner Mongolia in the north and some southern regions in China, sources said.

"We thought the electricity restrictions in Inner Mongolia might ease because the peak summer...

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