Liquidity improved in the UG2 chrome ore market in the week to Friday August 14, with current price levels enticing more buyers to be active in the forwards market, according to market participants.
Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China was stable at $133 per tonne on Friday, after rising by $1 per tonne the previous week.Meanwhile, sellers noted that inquiries from Chinese buyers are increasing, owing to the lower price levels that chrome ore has...