Monthly Chrome Market Report Jul 2019
2019-08-13 17:53:08 【Print】
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In July, Chinese ferrochrome prices went down first and then rebounded. 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. After mid-July, driven by the notable increase of nickel prices, stainless steel prices started to keep going up. 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. 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. Miners in main production regions strongly kept their prices firm but downstream buyers were inactive to accept the firm prices. Besides, inventory in ports still kept as high as 2.55 million tons, so
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. Miners in main production regions strongly kept their prices firm but downstream buyers were inactive to accept the firm prices. Besides, inventory in ports still kept as high as 2.55 million tons, so
