Indications of easing FeCr supply weigh on China's chrome prices

Chrome alloy prices declined over the week to Tuesday April 6 in response to market expectations that tight ferro-chrome supply in China would ease, sources said.

Following signs of easing available supply in the domestic market, major stainless steel mills all lowered their ferro-chrome prices for April-delivery.
As a result, Fastmarkets' ferro-chrome contract 6-8% C, basis 50% Cr, ddp China fell by 350-355 yuan ($53.44-54.20) per tonne to 8,350-8,545 yuan per tonne on Tuesday, down 4% from 8,700-8,900 yuan per tonne the previous week.
A sharper drop was recorded in the spot market after suppliers further cut their offer prices to lock in the current profit margin, sources said.

Fastmarkets' ferro-chrome spot 6-8% C, basis 50% Cr, ddp China dropped by 400 yuan per tonne to 8,000-8,300 yuan per tonne on Tuesday, down by 4.68%...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold