Chrome Market Report August 2016

The Chinese ferrochrome market ran smoothly during early and mid-August with prices for the material staying stable.Asian Metal CopyrightThe Chinese ferrochrome market ran smoothly during early and mid-August with prices for the material staying stable.Asian Metal Copyright However, as the chrome ore market witnessed continuous rises in prices in late August, prices for the ferroalloy rose accordingly.Asian Metal Copyright Traders delayed making purchases to reduce risks.Asian Metal Copyright At the end of the month, producers mainly took a watchful attitude toward tenders issued by steel mills and were uninterested in sealing deals.Asian Metal Copyright At the end of the month, producers mainly took a watchful attitude toward tenders issued by steel mills and were uninterested in sealing deals.Asian Metal Copyright Traders delayed making purchases to reduce risks.Asian Metal Copyright Traders delayed making purchases to reduce risks.Asian Metal Copyright 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.

.Asian Metal CopyrightThe Chinese ferrochrome market ran smoothly during early and mid-August with prices for the material staying stableAsian Metal Copyright