Spot, tender price gap develops in Chinese FeCr market

October 14, 2021 / www.metalbulletin.com / Article Link

A price gap between spot and tender prices developed in China's ferro-chrome market in early October after sellers in the spot market raised their prices because of supply tightness, while major stainless steel mills decided to keep their tender prices flat from the previous month.

Offers heard in the spot market continued to rise after China's National Day holiday on October 1-7, due to limited availability caused by lasting electricity limitations.
Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, widened upward by 500 yuan to 11,000-12,000 yuan ($1,704-1,859) per tonne on Tuesday October 12, from 11,100-11,500 yuan per tonne on September 28. The earlier assessment was rolled over on October 5 because of the National Day holiday.
China produced around 400,000 tonnes of high-carbon ferro-chrome in September, which was an 18% drop from the previous month, according to market participants.

"There's very little spot availability," a trader said. "Many producers were focused on long-term contract delivery, leaving very few cargoes to offer in...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok