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This development has led to a tightening market supply and bullish sentiment among traders, despite the immediate aftermath not showing a price hike
There are more opportunities being created for the Chinese ferro-alloys industry on the back of China’s focus on sustainable development goals and the rising availability of competitively-priced green electricity, sources told Fastmarkets
Fastmarkets launched its first price assessment for MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe, $/lb Cr on Tuesday March 26.
Chromite, foundry, 46% Cr2O3 min, dried and bagged, fob South Africa, $/tonne
Chrome ore South Africa UG2/MG concentrates index, cif China, $/tonne
Chrome ore Turkish lumpy 40-42%, cfr main Chinese ports, $/tonne
Chromite, foundry, 45.8% Cr2O3 min, wet bulk, fob South Africa, $/tonne (inferred)
Chromite, chemical, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne
Chromite, foundry, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne
Chromite, refractory grade, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne (inferred)