China's ferro-chrome prices rise further on tighter supply

China's domestic ferro-chrome prices rose further in the week ending Tuesday July 13 after major production regions imposed tighter power restrictions, while prices for imported charge chrome followed suit amid bullish sentiment across international markets.

The county of Huade in Inner Mongolia ordered a number of local smelters to halt production for 15-20 days from July 6 because they exceeded the maximum power usage rationed for May and June. Market participants estimated this to affect around 15,000 tonnes of ferro-chrome output.
In addition, western Inner Mongolia imposed power restrictions during peak hours of 7-10pm from July 9.
The restrictions in Inner Mongolia and some southern regions will continue to cause a supply shortage in the market, participants told Fastmarkets.
There are very few cargoes available for spot sales at present and offer prices have been increased.

Fastmarkets' price assessment for ferro-chrome, spot, 6-8%...

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