Higher October tender prices for ferro-chrome in China have boosted prices for imported ore and alloy.
Chinese mills' tender prices boost spot prices for imported ore, alloyDomestic spot prices stable in China Alloy prices steady in Japan, South Korea European alloy prices continue to slide Alloy prices stabilize in the United StatesChrome ore and ferro-chrome import spot markets strengthened again in China in the week ended Friday October 12 following higher alloy tender prices from domestic stainless steel mills.Fastmarkets' latest calculation for the UG2 chrome ore index, cif China, stood at $169 per tonne on October 12, up from $165 per tonne a week earlier. UG2 chrome ore suppliers are offering material as high as $175 per tonne but have encountered resistance from buyers. "There has been a stalemate this week because buyers and sellers have still been in the process of feeling each other out. Sellers want higher and buyers want lower," a trader source told Fastmarkets. A second trader struggled to...