Monthly Chrome Market Report Jan 2020
2020-02-12 17:27:48 【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 January, HC ferrochrome prices edged up in accordance with the increase of raw material chrome ore prices; prices for silicochromium kept stable.Supported by low inventory, most LC ferrochrome producers were resolute to keep their prices firm and prices for the material increased slightly.
As the demand was weak, prices for chrome metal edged down in January. As the Spring Festival holiday was coming, the exports of chrome metal was limited and CIF China prices for chrome metal were relatively stable.
This month, overseas miners were strong to keep their quotations firm, so CIF China prices for chrome ore moved up slightly. Encouraged by the rise of quotations from overseas miners, chrome ore sellers kept their quotations firm and prices for chrome ore in Chinese ports edged up.
In January, HC ferrochrome prices edged up in accordance with the increase of raw material chrome ore prices; prices for silicochromium kept stable.Supported by low inventory, most LC ferrochrome producers were resolute to keep their prices firm and prices for the material increased slightly.
As the demand was weak, prices for chrome metal edged down in January. As the Spring Festival holiday was coming, the exports of chrome metal was limited and CIF China prices for chrome metal were relatively stable.
This month, overseas miners were strong to keep their quotations firm, so CIF China prices for chrome ore moved up slightly. Encouraged by the rise of quotations from overseas miners, chrome ore sellers kept their quotations firm and prices for chrome ore in Chinese ports edged up.
