Chrome Market Report December 2015
2016-01-18 08:37:45 【Print】
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The demand remained sluggish in the Chinese domestic ferrochrome market in December with slipping prices. However the production cost surged in South China based on an increase of power charges in the dry season. Therefore, although the price for chrome ores continued to decline, medium-sized and small plants in South China were still forced to suspend productions due to losses and large plants mainly arranged productions according to orders and removed stocks in order to avoid risks.
Both sales and prices saw a decline this month. With the withdrawal of medium-sized and small plants from the market, the demand for spot material continued to decrease at the port in accompanied with slipping prices. Chrome ore traders sharply reduced the imports and focused on remove stocks and large producers rebuilt stocks cautiously based on demand.
Both sales and prices saw a decline this month. With the withdrawal of medium-sized and small plants from the market, the demand for spot material continued to decrease at the port in accompanied with slipping prices. Chrome ore traders sharply reduced the imports and focused on remove stocks and large producers rebuilt stocks cautiously based on demand.
