Monthly Chrome Market Report Aug 2019
2019-09-12 18:03:13 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
In August, HC ferrochrome prices increased but LC ferrochrome prices dropped in China. This month, ferrochrome production cost moved up due to the rise of chrome ore prices and spot prices for HC ferrochrome kept increasing. However, due to the weak demand of LC ferrochrome, spot transactions were rare and LC ferrochrome prices went down.
This month, affected by the increase of USD-RMB exchange rate, chrome ore prices moved up due to the rise of imported cost. Thus, prices for chrome ore in ports edged up.
In August, HC ferrochrome prices increased but LC ferrochrome prices dropped in China. This month, ferrochrome production cost moved up due to the rise of chrome ore prices and spot prices for HC ferrochrome kept increasing. However, due to the weak demand of LC ferrochrome, spot transactions were rare and LC ferrochrome prices went down.
This month, affected by the increase of USD-RMB exchange rate, chrome ore prices moved up due to the rise of imported cost. Thus, prices for chrome ore in ports edged up.
