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    Monthly Chrome Market Report Jul 2019

    2019-08-13 17:53:08   【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.
    In July, Chinese ferrochrome prices went down first and then rebounded.Asian Metal Copyright Miners in main production regions strongly kept their prices firm but downstream buyers were inactive to accept the firm prices.Asian Metal Copyright In early July, leading steel mills released their bidding prices successively and the decline exceeded market expectation, which caused great impact on spot market and ferrochrome transaction prices started to decline.Asian Metal Copyright Besides, inventory in ports still kept as high as 2.Asian Metal Copyright After mid-July, driven by the notable increase of nickel prices, stainless steel prices started to keep going up.Asian Metal Copyright After mid-July, driven by the notable increase of nickel prices, stainless steel prices started to keep going up.Asian Metal Copyright Thus, ferrochrome suppliers strongly expected the increase of prices affected by factors such as power restriction in main production region in Inner Mongolia and transaction prices edged up.Asian Metal Copyright The market was quiet in the first half of July and prices for chrome ore in ports moved up slightly encouraged by the increase of ferrochrome prices in the second half of July.Asian Metal Copyright However, there were no signs of improvement for terminal demand, and suppliers and buyers were still in stalemate.

    In general, prices for chrome ore in ports rose slightly this month. The market was quiet in the first half of July and prices for chrome ore in ports moved up slightly encouraged by the increase of ferrochrome prices in the second half of July.Asian Metal Copyright Besides, inventory in ports still kept as high as 2.Asian Metal Copyright Miners in main production regions strongly kept their prices firm but downstream buyers were inactive to accept the firm prices.Asian Metal Copyright In general, prices for chrome ore in ports rose slightly this month.Asian Metal Copyright Besides, inventory in ports still kept as high as 2.55 million tons, so
    .Asian Metal Copyright However, there were no signs of improvement for terminal demand, and suppliers and buyers were still in stalemateAsian Metal Copyright
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