Chrome ore and alloy prices rose in China late last week after tight domestic supply in the East Asian country prompted leading stainless steel mills to give higher February bid prices.
Chrome ore and ferro-chrome prices rise in China after mills raise tendersAlloy prices edge higher in South KoreaEuropean alloy prices edge lowerAlloy prices stable in the United States Chrome ore and ferro-chrome prices jumped again in China on Friday January 26 after leading stainless steel mills raised their monthly tender prices for alloy amid tight supply.Metal Bulletin's price assessment for Chinese domestic ferro-chrome on contracts rose by 550-600 yuan per tonne to 7,650-7,900 yuan ($1,209.01-1,248.52) per tonne on Friday, equivalent to $0.935-0.966 per lb, in line with February tenders.Metal Bulletin's price assessment for Chinese spot domestic ferro-chrome edged up to 7,800-8,100 yuan per tonne, from 7,700-8,000 yuan per tonne a week earlier. The latest domestic spot ferro-chrome price was equivalent to $0.954-0.990 per lb.In addition to there being tight supply, Chinese domestic ferro-chrome producers noted that low stocks and weather-related disruptions to inland transportation have helped...