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China's chrome ore prices awaiting Jan FeCr bids

ABSTRACT

Prices of imported chrome concentrates in China stabilized over December 21-28, as both the traders of the port inventories and ferrochrome (FeCr) smelters were waiting for domestic stainless mills to table their bidding prices for FeCr for January deliveries, to get a hint of where chrome prices were heading.
As of December 28, the price for South Africa-origin 42% grade chrome ore concentrates at North China's Tianjin port stayed at Yuan 31/dmtu ($4.9/ dmtu), unchanged for the second week, according to Mysteel's database.   Last week, most Chinese FeCr smelters only bid for seaborne chrome to test the spot market sentiment

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