Monthly Chrome Market Report Feb 2020
2020-03-10 18:14:30 【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 early February, the transportation faced impediments affected by the epidemic, so the production of ferrochrome producers saw restrictions and the supply dropped accordingly. Thus, producers raised their quotations and prices for HC ferrochrome and LC ferrochrome edged up. In late February, the production recovered in accordance with the restoration of logistics. However, downstream demand was weak, so ferrochrome prices moved down slightly. Although downstream demand was soft, silicochromium prices moved up in February as the production saw restrictions and producers were resolute to keep their prices firm supported by low inventory.
This month, most downstream clients were out of production, so the demand was scarce and chrome metal producers lowered their quotations. Thus, prices for chrome metal in Chinese market and FOB prices for Chinese chrome metal edged down.
Early this month, prices for major downstream products increased, chrome ore sellers raised their quotations. However, the operating rate was not high among downstream clients and the consumption decreased. In late February, chrome ore sellers slightly cut their prices to promote sales. Prices for chrome ore edged up compared with late last month.
In early February, the transportation faced impediments affected by the epidemic, so the production of ferrochrome producers saw restrictions and the supply dropped accordingly. Thus, producers raised their quotations and prices for HC ferrochrome and LC ferrochrome edged up. In late February, the production recovered in accordance with the restoration of logistics. However, downstream demand was weak, so ferrochrome prices moved down slightly. Although downstream demand was soft, silicochromium prices moved up in February as the production saw restrictions and producers were resolute to keep their prices firm supported by low inventory.
This month, most downstream clients were out of production, so the demand was scarce and chrome metal producers lowered their quotations. Thus, prices for chrome metal in Chinese market and FOB prices for Chinese chrome metal edged down.
Early this month, prices for major downstream products increased, chrome ore sellers raised their quotations. However, the operating rate was not high among downstream clients and the consumption decreased. In late February, chrome ore sellers slightly cut their prices to promote sales. Prices for chrome ore edged up compared with late last month.
