Softening demand and delayed tenders from Chinese stainless steel mills weighed on prices and activity for the country's ferro-chrome and chrome ore markets.
Strong imports of chrome ore into China added to bearishness Falling ferro-chrome prices weigh on charge chrome and UG2 Stability for South Korean and Japanese markets Trades show drop in European ferro-chrome US prices firm slightly on limited small volume transactionsChinese domestic spot ferro-chrome prices assessed by Metal Bulletin fell further over the past week on weak demand from stainless steel mills ahead of the May Day holiday (April 29-May 1).Metal Bulletin's latest assessment for China's domestic spot ferro-chrome prices, delivered, stood at 6,900-7,000 yuan ($1,094-1,109) per tonne on Friday April 27 with the high end down 200 yuan and the low end unchanged week on week, equivalent to $0.85-0.86 per lb."Major stainless steel mills had postponed the release of their tender prices, which are usually announced on 25th of the previous month following customs data [mostly out on 22nd of every month] owing to the approaching May Day...