Chrome Market Report February 2012
2012-03-06 15:50:11 【Print】
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With the end of Chinese Spring Festival, many participants come back to the market in February
. According to traditional market trend, chrome market would get better and go up after the holidays . In the first part of February, ferrochrome prices go up slightly and it is obvious for the chrome ore offers from foreign suppliers . Meanwhile, due to the price increase in international ferrochrome market, Chinese high carbon ferrochrome import prices are much higher than domestic, so many Chinese buyers are not interested in importing high carbon ferrochrome . With the slow consumption from Chinese steel makers and weak demand for high carbon ferrochrome, in the second part of February, Chinese chrome market becomes weakening . The delay for the release of high carbon ferrochrome purchasing prices from major consumers makes participants cautious about the future market . Over-high chrome ore import offers go down slightly and most Chinese buyers hold wait-and-see attitudes towards the market .