India: Ferro chrome export prices drop w-o-w
Indian ferro chrome export prices to China edged down by 1 cent/lb w-o-w to 97 cents/lb CNF, while domestic Chinese prices remained supported by high chrome ore costs. Prices to Japan and South Korea also declined by 4 cents/lb and 2 cents/lb to 102 cents/lb CNF each. The correction was mainly driven by weaker demand, with most shipments concluded through tenders.