GLOBAL CHROME WRAP: Chinese ferro-chrome prices soften ahead of expected lower tenders; US prices tick up on tight supply

By Ellie Wang / March 26, 2018 / www.metalbulletin.com / Article Link

Chinese charge chrome and spot ferro-chrome slipped slightly on Friday March 23 in anticipation of lower Chinese ferro-chrome tender prices for April, while tightening supply pushed up US prices.

Chinese charge chrome and spot ferro-chrome prices fall  US high-carbon ferro-chrome quotations rise  South Korea and Japan anticipate softening markets  Stability reigns on European ferro-chrome market Chinese buyers held back last week while the market softened amid reports of high ore stocks and before to major Chinese stainless steel mills make their April ferro-chrome tender purchases. Metal Bulletin's charge chrome index cif Shanghai settled at $1.02 per lb on Friday from $1.03 per lb in the previous week. Metal Bulletin's price quotation for spot Chinese domestic ferro-chrome fell to 7,600-8,200 yuan ($1,210.67-1,306.25) per tonne - equivalent to $0.930-1 per lb - from 7,700-8,200 yuan per tonne the week before. Chinese traders have delayed purchases of domestic spot ferro-chrome and cif China charge chrome for April in a falling market. April tender prices from major Chinese stainless steel mills are likely to be announced next week after Chinese customs data was released...

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