Ore and alloy prices weakened further in China, Europe and the United States as buyers in all three markets held back interest.
Ore prices dip again in ChinaSpot domestic and imported ferro-chrome prices still sliding in ChinaAlloy prices hold in Japan, South KoreaAlloy prices weaken in Europe, US Chrome ore and alloy prices continued to soften in China on Friday November 9 amid minimal prompt demand and generally poor sentiment. Fastmarkets' UG2 chrome ore index, cif China, inched down another $1 to $168 per tonne on Friday. Some traders have been holding back offers due to weak market sentiment, saying they are not under pressure to sell at unattractive prices because they are not holding large volumes, sources said. "It's better for us to wait until a clear direction for the market shows up, especially when we have no pressure to sell," a trader said. But a buyer said other suppliers were cutting prices, based on an offer he had...