Chrome Market Report December 2016
2017-01-05 17:48:44 【Print】
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Most ferrochrome producers mainly completed orders from steel plants in early and mid December and spot prices held firm in the market. Majority of downstream consumers insisted on hand-to-mouth purchases, leading to limited deals concluded. Later this month, the market still saw rare deals although purchases from steel plants have completed. Suppliers slightly lowered prices and the market had remained stable till late the month, waiting for the tenders from steel plants for January. Ferrochrome prices fell by RMB300/t (USD43.28/t) following the trend for bidding prices from steel plants, which were marked down by RMB200-500/t (USD28.85-72.13/t).
Spot prices for chrome ores remained largely stable in early and mid December, but deals were still tepid in the market. From later this month, some traders started to lower prices for sales in order to recoup funds and spot port prices continued to move down slightly. With lowering tender prices for January from steel plants, spot port prices were reduced for the second time. Market participants predicted that port prices will move down accordingly in China with the decreasing prices for ferrochrome.
Spot prices for chrome ores remained largely stable in early and mid December, but deals were still tepid in the market. From later this month, some traders started to lower prices for sales in order to recoup funds and spot port prices continued to move down slightly. With lowering tender prices for January from steel plants, spot port prices were reduced for the second time. Market participants predicted that port prices will move down accordingly in China with the decreasing prices for ferrochrome.
