Chrome Market Report April 2014

In April, due to the falling price of high carbon ferrochrome from Chinese stainless steel mills, prices for ferrochrome in the spot market went down accordingly.Asian Metal CopyrightIn April, due to the falling price of high carbon ferrochrome from Chinese stainless steel mills, prices for ferrochrome in the spot market went down accordingly.Asian Metal Copyright Even though chrome ore suppliers in South Africa increased their offers slightly, there was no sign of the Chinese ferrochrome market getting any better and very few orders were concluded in the chrome ore market.Asian Metal Copyright In late April, Baosteel continued to lower its purchasing price for high carbon ferrochrome, so many participants were very pessimistic about the ferrochrome market trend in China.Asian Metal Copyright Many buyers were holding wait-and-see attitudes towards the market, and Chinese ferrochrome smelters experienced growing pressure on their production costs.Asian Metal Copyright Even though chrome ore suppliers in South Africa increased their offers slightly, there was no sign of the Chinese ferrochrome market getting any better and very few orders were concluded in the chrome ore market.Asian Metal Copyright In late April, Baosteel continued to lower its purchasing price for high carbon ferrochrome, so many participants were very pessimistic about the ferrochrome market trend in China.
.Asian Metal Copyright In late April, Baosteel continued to lower its purchasing price for high carbon ferrochrome, so many participants were very pessimistic about the ferrochrome market trend in ChinaAsian Metal Copyright