Ferrochrome prices around the world

The standoff on Chinese mills’ charge chrome purchase price for May is dragging on. The Chinese smelters are bidding UG2 at around $155 per mt, which is about $20 lower than what the sellers are offering, while 40-42% concentrate offers are at $185 while buyers want $165. As a result, the mills can’t set a price until the smelters settle their ore prices.

Chinese domestic charge chrome ferrochrome prices (including some Indian material) are around 86-89¢, while European prices are at the $1.10-1.14 and US prices at $1.15-1.195, ddp. In Europe, high-carbon ferrochrome was booked at $1.23, ddp.

4
Leave a Reply

avatar
1 Comment threads
3 Thread replies
1 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
alanpatrickryanTan Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
Tan
Guest
Tan

Whatever happening is happening quite contrary to normal understanding it seems. At best a post-facto analysis is possible. Global growth is better in 2018, SS is projected to grow at 5%, production costs in ore & FeCr have risen, but the prices have started behaving like it was in May/June/July and Nov/Dec of 2017. There should be a method to this. Except for the SS growth, which was similar last year, all of the aforementioned parameters are new now. If we try to reason out the existence of a couple of cycles within a year, price movements in 2016 do… Read more »