Tender rollover consolidates China's UG2 chrome ore, ferro-chrome prices

The prices of imported chrome ore and alloys were stable over the week ended Tuesday October 13, with only light liquidity in the market after the latest ferro-chrome tender roll-overs from China's steel mills, while there was active trading activity amid post-holiday restocking in the domestic market.

The UG2 market was unchanged, however, with little business reported.
Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, was steady for a third consecutive week at $139 per tonne on Tuesday.
There were reports of some buyers making lower bids on their return from China's Golden Week holiday, which ran October 1-8. But there was no indication that producers were prepared to lower their own offer prices.
At the same time, offers above $140 per tonne were not accepted during the pricing session.

Market participants reported that sentiment was stable after China's largest steel mills kept their...

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