[Ferro-Alloys.com] Ferrochrome: The price of high carbon ferrochrome strengthens
Chromealloy Market Review Weekly (11.15-11.19): Temporary stability of chrome market
Ferrochrome: Ferrochrome sales generally while offer increased
This week, the high-carbon ferrochrome market price was weak and stable. The chrome market was weak and the demand side was poor. The intention to purchase in the market was reduced. The retail market was sluggish in this week with fewer enquiries and more offers. Low-carbon ferrochrome production continued to recover and prices were still in the midst of a sharp adjustment, while the participates with a weak projection in the market.
This week, the South African UG2 concentrate futures price was USD$155/MT CIF, The chrome ore spot price was USD$29.5/MTU at Tianjin port and the demand of downstream for production restrictions is weak, chrome ore spot inventory is high, the factory was willing to buy chrome ore futures cargoes, the chrome ore spot market is relatively cold, the chrome ore prices maybe still weak in recent days.