Weak Chinese ferrochrome prices pushing traders out of mart

Sep 23, 2013 | 01:00 PM |

Tags  ferrochrome, chrome ore, ferrochrome prices, price weakness, China ferrochrome

SHANGHAI — A steep fall in Chinese ferrochrome prices, attributed to weak demand from the stainless steel sector and firm ore prices, is pushing traders out of the market or forcing them to change their business models, market participants told AMM sister publication Metal Bulletin.

"This year the market is very weak. The only way I do business is by finding buyers first, then finding the cargoes to sell to them," one ferrochrome trader from Shandong province said.....





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