October 07, 2008

US ferrochrome prices up despite seasonal chill

It is reported that ferrochrome prices in the USA have crept higher with demand remaining firm and supply disruptions remaining. The frantic buying and major supply disruptions have caused high increases in the ferrochrome prices, the prices have risen more than 60% since the start of 2008.

Consumers are working off second quarter inventories but traders report that there is smaller spot business at higher levels. Spot high carbon ferrochrome is at USD 2.46 to USD 2.52 per pound, up from USD 2.46 to USD 2.50 per pound. Low carbon 0.05% material has increased to USD 5.05 to USD 5.15 per pound, 0.10% ferrochrome is up at USD 5 to USD 5.10 per pound and 0.15% grade has gained 20 cents to USD 4.93 to USD 5.03 per pound.

(Sourced from ICDA)