Chrome Market Report August 2014
2014-09-18 13:37:05 【Print】
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As steel mills continued to press down purchasing prices of ferrochrome, Chinese ferrochrome prices in spot market kept falling with weak demand and few deals in August
. Meanwhile, chrome ore prices dropped marginally, so many ferrochrome smelters had to suspend or decrease their outputs greatly . As foreign suppliers insisted on high offers of chrome ore, it was inactive for Chinese buyers to purchase chrome ore . It was expected in September Chinese ferrochrome prices would go down further and chrome ore prices would follow suit .