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%...

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