Monthly Chrome Market Report Jun 2019
2019-07-16 17:59:18 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
In general, ferrochrome prices in Chinese market declined in June. The mainstream steel mills lowered their HC ferrochrome bidding prices for June by RMB350/t (USD50.92/t), which caused great impact on spot market and suppliers had to cut their selling prices. As there was no sign of improvement for terminal demand, most market participants expected the decline of prices in future market and believed that ferrochrome prices would drop under pressure in July.
This month saw a downward trend of prices for chrome ore in ports. With the decline of ferrochrome prices, smelters intentionally forced the chrome ore prices down with the support of costs. Besides, inventory in ports was still at a high level. Thus, prices for chrome ore were expected to continue to decline in July.
In general, ferrochrome prices in Chinese market declined in June. The mainstream steel mills lowered their HC ferrochrome bidding prices for June by RMB350/t (USD50.92/t), which caused great impact on spot market and suppliers had to cut their selling prices. As there was no sign of improvement for terminal demand, most market participants expected the decline of prices in future market and believed that ferrochrome prices would drop under pressure in July.
This month saw a downward trend of prices for chrome ore in ports. With the decline of ferrochrome prices, smelters intentionally forced the chrome ore prices down with the support of costs. Besides, inventory in ports was still at a high level. Thus, prices for chrome ore were expected to continue to decline in July.
