Global Cr alloy quotes to come up again by the end of Q1

摘要

The global downtrend reversed in the middle of December. Chinese quotesjumped by 10 due to either limitations or discontinuation of electricity supplyto ferroalloy plants in a number of large provinces. This had an instant effect onrelated markets, pushing Indian and Japanese prices by 11 and 4 respectively.European quotes were merely adjusted to last month’s level after slidingin early December. American end users managed to get some 1.5 discounts,insisting that the quotes were too high compared to those in Europe. Globalprices for chrome ore came up in December amid seasonally high productioncost in Turkey and the upturn in Cr alloy quotes in China, the key consumer.