Chrome prices are rising in China on tighter alloy supply and lower estimates of chrome ore stocks.
Ferro-chrome tender price hike by leading mill boosts ore, alloy spot prices in China Downward revision in chrome ore stock estimates further supports ore pricesAlloy prices flat in Japan, South Korea European alloy prices under pressure US ferro-chrome prices slide amid increased competitionChrome ore and ferro-chrome prices rose in China in the week ended Friday September 28 due to a higher alloy tender price in a tighter market and lower estimates of chrome ore stocks. Fastmarkets MB's UG2 chrome ore index basis 42% cif China rose to $165 per tonne on September 28, up from $162 per tonne a week earlier.Market sentiment improved following the mid-week announcement of leading stainless steel mill Tsingshan's ferro-chrome tender price - up 300 yuan ($44) per tonne to 7,100 per tonne - meaning offer prices from last Monday and Tuesday were considered invalid by the end of the week. "There were...