UG2/MG chrome ore prices stable amid FeCr tender price meeting expectations
UG2/MG chrome ore prices were stable in the week to Tuesday November 28, even after major Chinese stainless steel mill Tsingshan announced it had cut its latest ferro-chrome tender price. Market participants reported that there was support from the strong yuan and tight availability of ore.
Fastmarkets’ weekly calculation of its chrome ore South Africa UG2/MG concentrates index, cif China
held at $282 per tonne on Tuesday, where it has remained since November 7.