Chinese chrome stocks to soften Eti Krom blow

Jan 27, 2010 | 11:27 AM |

China's high stocks should buttress consumers against suppliers' attempts to boost chrome ore prices following a declaration of force majeure by Turkey's Eti Krom AS, Chinese market participants said.

Eti Krom has suspended sales after a landslide destroyed a railway line between its operations and Turkish ports (AMM, Jan. 27). Before the incident, the company had sold 140,000 tonnes of chrome ore and 10,000 tonnes of ferrochrome forward through March 2010.....

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