Imported UG2 ore prices rose on Friday September 7 while charge chrome quotations remained stable and China's domestic spot alloy price slipped in Metal Bulletin's latest pricing sessions.
Restocking halts ore and alloy import price falls in ChinaDemand slows in Chinese domestic spot marketSouth Korea and Japan markets stableHigh-carbon imports into Europe, US unmoved The UG2 chrome ore market appeared to have found a floor above $155 per tonne last week after sellers resisted attempts by buyers to push prices to $150 and below and ferro-chrome smelters found themselves needing to restock. Metal Bulletin's UG2 chrome ore index, cif China rose by 2 cents to $158 per tonne over the seven days to last Friday. Liquidity picked up the market with deals heard in the range of $155-165 per tonne. "There has been restocking of both ore and alloy and people are planning ahead of holidays coming up in China. Port prices for UG2 have reacted positively to increased demand for alloy; not in a big way but the direction is still clear,"...