Chinese FeCr prices higher; Glencore more bullish on 3Q benchmark

The environmental inspection in China are continuing to take a toll on domestic ferrochrome smelters. Already, small quantities of Chinese produced charge chrome sold at 98¢ and there were unconfirmed businesses as high as $1.03 per lb. Demand, however, is still lagging.

Meanwhile, the current betting is that Glencore will push for a third-quarter benchmark price of $1.35 per lb, down only 7¢ from the second quarter.

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2 Comments on "Chinese FeCr prices higher; Glencore more bullish on 3Q benchmark"

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Tan
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US$ 1.35 /lb in Q3 sounds a little low, a thing to be “pushed for” by the Buyers, not Glencore, especially given what one could expect in Q4 after the export tax in SA. However, it is not absurd like the Swiss Trader’s; 10-15% minus as on 19th. Had observed here on 16th that when Glencore had set the European Benchmark of US$ 1.42 / lb for Q2, whatever prices that were quoting in some other key countries at Spot, have already been crossed, and consistently so. Now, Q3 seems to be slow in Europe, Euro has also depreciated in… Read more »
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settled 1.38

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