GLOBAL CHROME SNAPSHOT: Chinese ferro-chrome, chrome ore prices stall amid low liquidity levels

摘要

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 14.- The domestic ferro-chrome spot price was unchanged from last week after sellers were heard to have become unwilling to cut their prices further because the current price level has left them limited room for profits.- The imported charge chrome market was lackluster. Sellers were reluctant to offer having noticed a lack of buying interest in the Chinese domestic market and amid prevailing bearish sentiment.- The UG2 chrome ore index stalled in a quiet market. Buyers expect the price to soften further while sellers held their offer prices stable. Some sellers were heard to have already sold out their January volumes.- Chrome ore port inventories dropped to around 2.84 million tonnes, down from 2.89 million tonnes last week.- Turkish lumpy chrome ore prices were stable, although liquidity was very light in the Turkish lumpy market.