UG2/MG chrome ore prices steady, supported by low stocks
UG2/MG chrome ore prices remained flat in the week to Tuesday September 12 in a quieter spot market, but confidence in elevated prices persisted because Chinese port inventories are declining and ferro-chrome production rates remain high.
Fastmarkets’ weekly calculation of its chrome ore South Africa UG2/MG concentrates index, cif China
was $302 per tonne on Tuesday, unchanged week on week.
And although fewer deals were...