GLOBAL CHROME SNAPSHOT: Ore, alloy market sentiment weakens in China

Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday July 24.

China 

The UG2 chrome ore market edged down to consolidate around the $132 per tonne level where liquidity was reported in the previous week. The domestic spot ferro-chrome price edged downward due to bearish sentiment amid the recent slump in ore prices. The imported charge chrome market remained quiet in advance of the next domestic ferro-chrome tender announcement.

Europe 

The high carbon ferro-chrome market was stable with the summer lull and Covid-19 dampening activity. The low carbon ferro-chrome market (0.10% C) made a minor correction upward as some buyers returned to the market following the recent softening.

United States 

The high-carbon ferro-chrome market held flat once again, stunted by inactivity in the spot market over the slow summer period.

Japan & South Korea 

These markets are now assessed on a fortnightly basis. The table shows the latest prices from July 16 compared with the previous session. Fastmarkets will next assess these markets on July 30.

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