Monthly Chrome Market Report Mar 2020
2020-04-09 16:32:42 【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.
Please contact us for a subscription.
1. Market Highlights
In the first half of March, because of weak downstream demand, prices for HC ferrochrome, LC ferrochrome and silicochromium declined; in the second half of this month, due to the outbreak of COVID-19 in foreign countries, the import of raw materials faced limitations. Thus, chrome ore prices moved up and prices for HC ferrochrome, LC ferrochrome and silicochromium edged up accordingly.
Due to soft downstream demand, chrome metal prices edged down in March and CIF China prices for chrome metal moved down slightly.
In the first half of this month, downstream demand was weak, so prices for chrome ore in Chinese ports showed a downtrend; in the second half of March, the epidemic situation was serious in foreign countries and the import of chrome ore faced limitations, so sellers raised their quotations and prices for chrome ore in Chinese ports edged up. In the first half of March, downstream clients forced chrome ore prices down to transfer cost pressure, CIF China prices for chrome ore moved down; in the second half of March, most of other countries started lockdown and overseas miners had no intention to offer prices, CIF China prices for chrome ore were stable.
In the first half of March, because of weak downstream demand, prices for HC ferrochrome, LC ferrochrome and silicochromium declined; in the second half of this month, due to the outbreak of COVID-19 in foreign countries, the import of raw materials faced limitations. Thus, chrome ore prices moved up and prices for HC ferrochrome, LC ferrochrome and silicochromium edged up accordingly.
Due to soft downstream demand, chrome metal prices edged down in March and CIF China prices for chrome metal moved down slightly.
In the first half of this month, downstream demand was weak, so prices for chrome ore in Chinese ports showed a downtrend; in the second half of March, the epidemic situation was serious in foreign countries and the import of chrome ore faced limitations, so sellers raised their quotations and prices for chrome ore in Chinese ports edged up. In the first half of March, downstream clients forced chrome ore prices down to transfer cost pressure, CIF China prices for chrome ore moved down; in the second half of March, most of other countries started lockdown and overseas miners had no intention to offer prices, CIF China prices for chrome ore were stable.
