The markets for ferro-chrome with both high carbon and low carbon (0.10% C) content ticked upward in the week ended Friday October 4, with support from low supply volumes coming into the spot market.
High- and low-carbon alloy prices rise in Europe Imported alloy price in China increases Domestic alloy price rolled over in China US alloy market stable.Prices for high and low carbon (0.10% C) ferro-chrome in Europe ticked up but strongly subdued demand means that a sustained price recovery is unlikely in the short term, according to market participants.Fastmarkets' assessment of the price of ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, rose by 1 cent to $1.62-1.73 per lb on October 4."Some producers would prefer to cut production rather than sell at these low prices, so we are selling on the spot market to new customers," a producer said.Another producer said that it would stay out of the spot market for 0.10% C ferro-chrome because there was still too much competition and prices were too low."There is plenty of material around," a trader said. "There is a lot of alloy...