Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector.
Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by the appreciating South African rand and strong demand, whereas the domestic ferro-chrome market weakened on a deteriorating outlook for stainless steel. Metal Bulletin's charge chrome index cif Shanghai was stable at $1.03 per lb in Friday's pricing session. The strengthening rand has been supporting South African ores and alloys prices for months, particularly ferro-chrome. "Our cargoes are locked into long-term contracts and healthy booking orders mean we are confident of holding our offer price," a charge chrome supplier told Metal Bulletin. Meanwhile, Chinese spot domestic ferro-chrome market prices dropped due to high stainless steel inventories in Wuxi and Foshan districts which weighed on stainless steel prices. Metal Bulletin's price quotation...