Prices for China-origin UG2 chrome ore and Turkish lumpy chrome ore rose over the trading session on Friday October 19, while Chinese domestic ferro-chrome spot prices fell slightly on weak demand from stainless steel mills.
Turkish lumpy chrome ore prices to China make strong gain in wake of higher UG2 prices Chrome ore price in China supported by lower estimates of stocks Domestic alloy spot prices tick down South Korean alloy prices fall, Japan prices stable European high carbon alloy price unmoving US alloys market stalls again.Fastmarkets' latest calculation of the UG2 chrome ore index, cif China, rose by $3 per tonne to $172 per tonne on October 19, from the previous week's $169 per tonne."The UG2 import market saw some deals in the range of $170-175 per tonne in the week, higher prices than [those seen] one week ago," one ore importer told Fastmarkets.Fastmarkets' price assessment for Turkish lumpy chrome ore, cfr China, rose by $8 per tonne over the past week to $230-240 per tonne on October 19, supported by buyers returning to the market because prices appeared to have bottomed out.Demand...