Chrome Market Report October 2011
2011-11-30 16:14:26 【Print】
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After the Chinese National Day holidays, Chinese chrome market has no sign of improvement and it is more likely for the market to go down further
. With the increasing stocks of chrome ore in Chinese main ports, many participants have great pressure in their sales . Some traders who are in urgent need of cash have to lower their offers before the end of this year . Demand for chrome ore import becomes slowing down with thin deals . Major stainless steel mills press down ferrochrome prices, which makes smelters difficult in their production.