Monthly Chrome Market Report May 2020
2020-06-10 11:54:21 【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 May, prices for raw material chrome ore increased. Affected by this, prices for HC ferrochrome, silicochromium and LC ferrochrome all showed an uptrend.
As downstream demand didn't improve, chrome metal producers lowered their prices slightly for sales promotion. Thus, chrome metal prices edged down this month. FOB China prices for chrome metal also edged down due to weak overseas demand.
This month, due to tight supply of overseas chrome ore, Chinese chrome ore sellers at ports kept their offers firm and prices for chrome ore in Chinese ports moved up. Overseas sellers raised their quotations, so CIF China prices for chrome ore rose.
In May, prices for raw material chrome ore increased. Affected by this, prices for HC ferrochrome, silicochromium and LC ferrochrome all showed an uptrend.
As downstream demand didn't improve, chrome metal producers lowered their prices slightly for sales promotion. Thus, chrome metal prices edged down this month. FOB China prices for chrome metal also edged down due to weak overseas demand.
This month, due to tight supply of overseas chrome ore, Chinese chrome ore sellers at ports kept their offers firm and prices for chrome ore in Chinese ports moved up. Overseas sellers raised their quotations, so CIF China prices for chrome ore rose.
