NEW YORK Low-carbon
ferrochrome prices ticked up slightly this past week with
reports of "more interest" on certain grades, although the
market for high-carbon material was still reported as
Prices for 0.15-percent carbon
ferrochrome moved up to a range of $1.98 to $2.03 per pound
from $1.97 to $2.02 previously, while 0.10-percent carbon
ferrochrome tightened to a range of $2.06 to $2.10 per pound
from $2.05 to $2.10 previously.
"Theres been more activity
on the low-carbon (side)," one trader said. "Weve had
more interest in that this week."
The high-carbon market, however,
was reported by multiple traders as "slow," with sales
continuing to transact in a range of $1 to $1.04 per pound.
"Its been a very quiet
week. Chinese New Year might have something to do with it," the
first trader said.
While a second trader
characterized business as "fine but not spectacular," a third
trader described his outlook on ferrochrome pricing as
"I think most of these products should go up sometime in the
first half of this year, but Im not sure about the
timing," he said.