ferrochrome to rise

Hi all, just took this of the daily Stainless steel prices page. Abit of interest for holders, regards The Tinhopper.

LME nickel fell again today, ending at $11.05/lb ($24,350/tonne)
* Lot of markets watching the conference in Beidaihe, China, where 100 economists are discussing ways to cool down that nation's economy. Some watchers are betting interest rates will have to be raised again sometime during the upcoming months.
* Wayne Fraser, a regional director of the United Steelworkers of America, tells Bloomberg, the strike at Voisey's Bay may last for months. He also advised no talks between the union and Inco are scheduled.
* Merafe Resources, partners with Xstrata, and one of the world's largest ferrochrome producers, forecasts ferrochrome prices to rise as stainless steel enters a bull market.
* Yesterday's official closing - cash - $12.75/lb - 3 month buyer - $11.73/lb
* LME nickel inventories - plus 174 tons = 4,332 tons