August 2012 | Steel Raw Materials
China's spot price continues to fall after benchmark ferro-chrome negotiations: Ferro-alloy Highlights
The prospect of continued deflationary pressure in China is forcing buyers to remain on the sidelines.
After third quarter benchmark ferro-chrome price was negotiated lower in early July, Chinese spot ferro-chrome prices have continued to fall, reaching new 2012 lows. On Friday August 10, the material traded at Rmb7,500-7,600/tonne ($1,185-1,201/tonne), down Rmb50/tonne from the week earlier. Buying activity was weak and, with recent inflation data showing that prices grew just 1.8% year-on-year in July, purchasers are expecting prices to fall further. The prospect of continued deflationary pressure is forcing...
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as its published.