Monthly Chrome Market Report Oct 2017

1. Market Highlights

During October, most ferrochrome plants who halted production previously resumed production as purchasing price of high carbon ferrochrome for October from steel mills only dropped slightly by RMB100/t (USD15.07/t) which was generally higher than ferrochrome producers’ expectations; in addition, much newly added capacity was put into operation in Inner Mongolia, causing oversupply of high carbon ferrochrome and continuously dropping spot prices with strong watchful sentiment prevailing in the downstream market and sluggish transactions.Asian Metal Copyright07t which was generally higher than ferrochrome producers’ expectations; in addition, much newly added capacity was put into operation in Inner Mongolia, causing oversupply of high carbon ferrochrome and continuously dropping spot prices with strong watchful sentiment prevailing in the downstream market and sluggish transactions.Asian Metal Copyright Prices for low and extra-low carbon ferrochrome kept moving down in the month as prices for silicochromium and chrome ore, the raw materials, dropped. By the end of the month, purchasing prices of high carbon ferrochrome for November from steel mills decreased further by RMB500/t (USD75.33/t); besides, the ferrochrome market saw over-capacity and the market condition of chrome ore remained sluggish.Asian Metal Copyright07t which was generally higher than ferrochrome producers’ expectations; in addition, much newly added capacity was put into operation in Inner Mongolia, causing oversupply of high carbon ferrochrome and continuously dropping spot prices with strong watchful sentiment prevailing in the downstream market and sluggish transactions.Asian Metal Copyright Thus, it is anticipated that prices for Chinese ferrochrome might move down further in November.

.Asian Metal Copyright By the end of the month, purchasing prices of high carbon ferrochrome for November from steel mills decreased further by RMB500t USD75Asian Metal Copyright