Chrome Market Report April 2017
2017-05-08 17:05:44 【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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High carbon ferrochrome prices continued to show downward momentum in April because steel plants’ tender prices of high carbon ferrochrome were lower than market expectation and chrome ore prices rose substantially. However, low carbon ferrochrome prices rose for one week due to tight spot supply in early April, but prices also decreased then. By late April, domestic tender prices for chrome ore of May hadn’t been released and spot transactions for ferrochrome were still limited. Some producers held much stocks and spot prices for ferrochrome continued to decrease. Meanwhile, South African chrome ore prices also decreased. Besides, some domestic steel plants will conduct maintenance in May, which may lead to the decrease of ferrochrome demand. It’s expected that ferrochrome prices will show downward momentum in May.
