Charge chrome and ferro-chrome prices weakened in China last week amid poor demand and a protracted standoff in the ore market.
Charge chrome import prices weaken in ChinaUG2 chrome ore prices drop in China Alloy prices fall in South Korea, Japan European, US alloy prices steadyImported chrome prices weakened in China on Friday July 27 due to poor demand that has left the chrome ore market in a standoff for weeks. Metal Bulletin's charge chrome index, cif Shanghai, dropped to $0.93 per lb on Friday from $0.95 per lb a week earlier. The index has dropped nearly every week since peaking at 99 cents per lb on June 22. "The party is now over; business has hit a wall," one market source told Metal Bulletin. Metal Bulletin's UG2 chrome ore index, cif China, fell to $183 per tonne on Friday from $186 per tonne in the prior week."The market is dead, dead, dead - there is no demand but the market has to turn round again soon," the...