Chinese ferro chrome prices increased significantly by 17% w-o-w to around RMB 10,400/t ($1,609/t) amidst supply shortage. Although electricity curtailments have eased, current demand is too high for Chinese smelters to fulfill in the near time. Meanwhile, spot chrome ore prices in China have moved up thereby supporting ferro chrome prices further. A few Chinese producers have raised offers to RMB 11,000/t ($ 1,701/t), expecting to receive enquiries soon, as per latest reports.
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