Monthly Chrome Market Report Aug 2020
2020-09-15 18:00:23 【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
Before mid-August, there were limited transactions for HC ferrochrome and LC ferrochrome, so sellers cut prices slightly to promote sales; but supported by high cost, sellers raised prices at the end of the month, so the prices of HC ferrochrome and LC ferrochrome edged up. Silicochromium prices trended down in August amid sporadic deals.
In August, downstream customers only purchased on orders, while chrome metal sellers had no intention to cut prices under cost pressure, and thus prices of the material in domestic market and export market were both flat.
This month, downstream buyers forced down chrome ore prices, so sellers had to cut prices for sales; in addition, CIF China prices of chrome ore also edged down.
Before mid-August, there were limited transactions for HC ferrochrome and LC ferrochrome, so sellers cut prices slightly to promote sales; but supported by high cost, sellers raised prices at the end of the month, so the prices of HC ferrochrome and LC ferrochrome edged up. Silicochromium prices trended down in August amid sporadic deals.
In August, downstream customers only purchased on orders, while chrome metal sellers had no intention to cut prices under cost pressure, and thus prices of the material in domestic market and export market were both flat.
This month, downstream buyers forced down chrome ore prices, so sellers had to cut prices for sales; in addition, CIF China prices of chrome ore also edged down.
