An increase in the latest ferro-chrome tender price has supported the imported charge chrome market and strengthened sentiment among some participants in the chrome ore sector.
China's Tsingshan Group announced its tender price for November-delivery high-carbon ferro-chrome at 10,495 yuan ($1,640) per tonne on Friday October 29. This is up by 500 yuan per tonne from its October tender price."They [Tsingshan] should be sitting on sufficient stocks currently, but the concerns over near-term ferro-chrome supply snarls remain," a ferro-chrome producer source in Inner Mongolia said. "And they need to ensure they've...