Prices in the China ferro-chrome market rose further during the week to Tuesday July 6, as a result of higher alloy tender prices being released and indications the market is tightening under electricity restrictions in key producing regions.
Stainless steel producer Tsingshan Group raised its tender price for July-delivery high-carbon ferro-chrome by 950 yuan ($146.80) per tonne, or 12.76%, to 8,395 yuan per tonne. This compares with 7,445 yuan per tonne for June-delivery ferro-chrome.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China was 8,200-8,600 yuan per tonne on Tuesday, up 200 yuan from 8,000-8,400...