Chrome Market Report August 2016
2016-11-28 18:31:56 【Print】
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The Chinese ferrochrome market ran smoothly during early and mid-August with prices for the material staying stable. However, as the chrome ore market witnessed continuous rises in prices in late August, prices for the ferroalloy rose accordingly. At the end of the month, producers mainly took a watchful attitude toward tenders issued by steel mills and were uninterested in sealing deals. Traders delayed making purchases to reduce risks. Affected by the price rise witnessed by the chrome ore market, prices for ferrochrome are expected to inch up further.
Affected by firm prices in overseas market and the shortage of spot materials, spot prices for chrome ore at ports rose continuously. Prices for the material are expected to go up further in September with domestic demand picking up.
Affected by firm prices in overseas market and the shortage of spot materials, spot prices for chrome ore at ports rose continuously. Prices for the material are expected to go up further in September with domestic demand picking up.
