Chinese FeCr spot priceflat in pre-holiday lull

摘要

The domestic spot price of50% Cr Chinese high-carbon ferrochromewas assessed unchanged week on weekWednesday at Yuan 6,400-6,600/mt(equivalent to 78-80.5 cents/lb) — including17% VAT and delivery — amid scanttrade ahead of China’s Lunar New Year.Offers have turned sparse in the marketwith few looking to buy or sell thisweek as industry participants have startedtaking leave ahead of the February 18-24holidays, sources said.