Chrome Market Report February 2016
2016-03-11 19:30:40 【Print】
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Influenced by the Spring Festival holiday, steel mills have started purchasing ferrochrome consecutively in late January, but deals remained limited in February. However, most market participants still held watchful attitudes after entering the market for just a week. The market could only saw rare deals with stable prices for ferrochrome this month.
The price for chrome ores slipped this month owing to the decreasing prices in the overseas market and the port price for spot materials also moved down under pressure in China. However, the decline was limited as alloy plants rebuilt stocks during the Spring Festival and the port stocks were in tight supply. The price was maintained stable with rare deals of ferrochrome as ferrochrome smelters were cautious to rebuild stocks after the holiday.
The price for chrome ores slipped this month owing to the decreasing prices in the overseas market and the port price for spot materials also moved down under pressure in China. However, the decline was limited as alloy plants rebuilt stocks during the Spring Festival and the port stocks were in tight supply. The price was maintained stable with rare deals of ferrochrome as ferrochrome smelters were cautious to rebuild stocks after the holiday.
