Chrome Market Report January 2015
2015-03-06 17:55:18 【Print】
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In January, Chinese ferrochrome market kept quiet and prices held at a low level
Many downstream users made purchase in advance for the consumption during the Spring Festival holiday, but most of them mainly cooperated with the miners, so there were few purchase activities on the spot market. Some small users started to make purchase on spot material in late January, so chrome ore prices increased marginally with the tight supply at that time.
. Many producers left the market before still had no intention to resume production in the near term, so high carbon ferrochrome market saw tight supply in the month . Meanwhile, demand for low carbon ferrochrome was relatively strong, so prices increased marginally in the middle of January . Moreover, to ensure the production during the holiday, many end users made purchase on this material in advance or even increased purchase volume, which also pushed the price moving up.Many downstream users made purchase in advance for the consumption during the Spring Festival holiday, but most of them mainly cooperated with the miners, so there were few purchase activities on the spot market. Some small users started to make purchase on spot material in late January, so chrome ore prices increased marginally with the tight supply at that time.