Chrome Market Report April 2017

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.Asian Metal Copyright It’s expected that ferrochrome prices will show downward momentum in May.Asian Metal Copyright However, low carbon ferrochrome prices rose for one week due to tight spot supply in early April, but prices also decreased then.Asian Metal CopyrightHigh 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.Asian Metal Copyright By late April, domestic tender prices for chrome ore of May hadn’t been released and spot transactions for ferrochrome were still limited.Asian Metal Copyright Some producers held much stocks and spot prices for ferrochrome continued to decrease.Asian Metal Copyright Some producers held much stocks and spot prices for ferrochrome continued to decrease.Asian Metal Copyright However, low carbon ferrochrome prices rose for one week due to tight spot supply in early April, but prices also decreased then.Asian Metal Copyright Meanwhile, South African chrome ore prices also decreased.Asian Metal Copyright Besides, some domestic steel plants will conduct maintenance in May, which may lead to the decrease of ferrochrome demand.Asian Metal Copyright Besides, some domestic steel plants will conduct maintenance in May, which may lead to the decrease of ferrochrome demand.Asian Metal Copyright Some producers held much stocks and spot prices for ferrochrome continued to decrease.Asian Metal Copyright It’s expected that ferrochrome prices will show downward momentum in May.
.Asian Metal Copyright Meanwhile, South African chrome ore prices also decreasedAsian Metal Copyright