Chrome market report September 2017
2017-10-19 17:46:34 【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. Monthly highlights
In the month, domestic prices for high carbon ferrochrome stabilized after dropped, while those for low and extra-low carbon ferrochrome kept decreasing. As prices for ferrochrome in Chinese market moved up sharply in August, downstream buyers were more interested in watching the market entering September, leading to sluggish transactions of ferrochrome. In early-to-mid September, spot prices for high carbon ferrochrome kept moving down; in late September, prices for high carbon ferrochrome stopped dropping and stabilized as tender prices from steel mills for October were released and only decreased by RMB100/t (USD15.13/t). As prices for low and extra-low carbon ferrochrome moved up by almost RMB4,000/t (USD605/t) in August, prices kept dropping due to sluggish transactions in September and some producers who originally planned to resume production in September delayed the time to October. It is anticipated that prices for high carbon ferrochrome might drop limitedly in October considering that prices are supported by tender prices and production costs of the material; while prices for low and extra-low carbon ferrochrome are expected to drop largely in October as prices for the material lack support and prices for raw materials such as silicochromium drop.
In the month, domestic prices for high carbon ferrochrome stabilized after dropped, while those for low and extra-low carbon ferrochrome kept decreasing. As prices for ferrochrome in Chinese market moved up sharply in August, downstream buyers were more interested in watching the market entering September, leading to sluggish transactions of ferrochrome. In early-to-mid September, spot prices for high carbon ferrochrome kept moving down; in late September, prices for high carbon ferrochrome stopped dropping and stabilized as tender prices from steel mills for October were released and only decreased by RMB100/t (USD15.13/t). As prices for low and extra-low carbon ferrochrome moved up by almost RMB4,000/t (USD605/t) in August, prices kept dropping due to sluggish transactions in September and some producers who originally planned to resume production in September delayed the time to October. It is anticipated that prices for high carbon ferrochrome might drop limitedly in October considering that prices are supported by tender prices and production costs of the material; while prices for low and extra-low carbon ferrochrome are expected to drop largely in October as prices for the material lack support and prices for raw materials such as silicochromium drop.
