Chrome Market Report September 2016
2016-12-12 09:26:33 【Print】
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Chinese ferrochrome prices were stable in early September, but went up gradually after mid-September as prices for chrome ore rose substantially. Affected by continuously increased prices for chrome ore, producers for ferrochrome would like to hold stocks rather than sell the material at lower prices in late September, resulting in tight supply in the spot market. Meanwhile, steel mills raised their tender prices for ferrochrome by about RMB1,000/t as they expected that prices for the material will go up further. Expecting that prices for ferrochrome won’t decrease in the coming two weeks, producers were reluctant to sell in late September while traders took this advantage to raise their prices for the material.
Affected by firm import prices and the tight supply, prices for chrome ore went up continuously in ports of China in September. It is expected that prices for the material will continue to move upwards in October.
Affected by firm import prices and the tight supply, prices for chrome ore went up continuously in ports of China in September. It is expected that prices for the material will continue to move upwards in October.
