Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China dipped by $1 per tonne on October 26 to $154 per tonne.

Liquidity has been reduced on the spot market, with producers having low volumes of material available.

The 2201 ferrosilicon contract price on ZCE closed at 11382 yuan per ton on October 28.

The downward move was also seen as a correction to the price gap that emerged between spot and tender prices last week.

Some of these higher offers, especially those for high-grade material, have gained acceptance in the market and deals have been concluded at these levels.

The 2201 ferrosilicon contract price on ZCE closed at 11170 yuan per ton on October 27.

The 2201 silicomanganese contract price on ZCE closed at 9262 yuan per ton on October 27.

The 2201 silicomanganese contract price on ZCE closed at 9996 yuan per ton on October 25.