Surge in Chinese FeCr prices bolsters European market

Tight market conditions in Europe and soaring prices in China buoyed prices in the European ferro-chrome markets in the week to Tuesday July 20, given the likelihood that metal will be attracted to the Chinese country.

Fastmarkets' price assessment for ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe narrowed upwards by 4 cents (1.4%) to $1.34-1.55 per lb Cr on July 20 from $1.30-1.55 per lb one week previously.
Accordingly, Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe price assessment also narrowed upwards by 4 cents (1.4%) to $1.34-1.55 per lb Cr on July 20 from $1.30-1.55 per lb a week earlier.
The European market has been supported by surging ferro-chrome price rises in China, which market participants expect to persuade ferro-chrome producers to focus on selling there, drawing attention away from the European market.

The material sold to...

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