After a one-month consultation period, Fastmarkets has launched a CIF Indonesia ferrochrome price. Indonesia is an emerging destination for global ferro-chrome resources, with 1.6 million tonnes of ferro-chrome imported in 2022, to meet increasing stainless steel capacity in the nation.
There is also market demand for this price from subscribers that already reference Fastmarkets’ assessment of ferro-chrome import prices in China, Japan and South Korea for use in term contracts or spot trade negotiations.
The new price is assessed on an CIF Indonesia basis and includes materials that are sold to Indonesia on a spot seaborne market.
The price specifications are as follows:
MB-FEC-0023 Ferro-chrome 50% Cr import, cif Indonesia, $/lb
Quality: 10-100mm lump. Chrome base 50%, range 48-52%; carbon case 7%, max 9%; silicon base 3%, max 6%; phosphorous max 0.03%; sulphur max 0.06%
Quantity: Min 100 tonnes
Location: cif Indonesian main ports
Timing: Within 6 weeks
Unit: USD per lb
Payment terms: LC/DP
Publication: Fortnightly. Thursday 5-6pm Shanghai time
This price will be a part of the Fastmarkets’ Ores & Alloys Physical Prices package.
To provide feedback on the Indonesian ferro-chrome import price assessment, or if you would like to provide price information by becoming a data submitter to this price, please contact Tina Tong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Tina Tong re: Indonesian ferro-chrome import price assessment”.
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
