UG2 chrome ore suppliers are cutting offer prices to attract year-end business in China.
UG2 prices drop in ChinaChinese domestic ferro-chrome prices slide, import prices steadyAlloy prices unchanged in Japan, South KoreaAlloy prices tick up in EuropeAlloy prices flat in the US UG2 chrome ore prices continued to soften in China in the week ended Friday December 7 due to suppliers cutting offer prices to entice buyers ahead of the end of the year. Fastmarkets' UG2 chrome ore index, cif China, dropped $4 per tonne week on week to $156 per tonne on December 7. A number of buyers said they were stocking up for the end of the year but volumes were modest and bids were aggressive."Although buyers weren't crazy about jumping in with big volumes, everyone came out to buy something," a trader told Fastmarkets MB.Bids were reported as low as $153 per tonne and sales prices ranged from $155 per tonne to...