Chinese domestic ferro-chrome spot price held steady over the past week, with suppliers holding quotations firm ahead of the release of September's tender prices, which are expected to rise. Meanwhile, both UG2 chrome ore and charge chrome indices ticked up on improved spot activity.
Domestic Chinese alloy price holds in China ahead of September tenderChrome ore price reboundsImported alloy price in China ticks upEuropean alloy price holds after hitting 10-year lowUS alloy price flat on thin trades Chinese domestic spot ferro-chrome price held steady despite limited trades, with some suppliers sticking with their quotations ahead of the release of the alloy tender prices by major stainless steel mills for September deliveries, which are expected to be released this week. Fastmarkets' price assessment for ferro-chrome spot 6-8%C, basis 50% Cr, ddp China, was 6,300-6,500 yuan ($881-909) on Friday August 23, unchanged for the fourth consecutive week. Prior to that in early July, the domestic alloy price had dropped to its lowest level since June 2017. Some market participants told Fastmarkets they expect September...