Chrome Market Report March 2012

In the end of February, TISCO released the purchasing price for high carbon ferrochrome 50% to be yielded in March at RMB7,700/t delivered, down by RMB50/t compared with that of February, which make most participants’ disappointed towards the future market.Asian Metal CopyrightIn the end of February, TISCO released the purchasing price for high carbon ferrochrome 50% to be yielded in March at RMB7,700t delivered, down by RMB50t compared with that of February, which make most participants’ disappointed towards the future market.Asian Metal Copyright In March, Chinese high carbon ferrochrome market goes down slightly and it is not confident towards the market in April.Asian Metal Copyright Due to tight supply of electricity in South Africa, most ferrochrome smelters have decreased their production greatly, which makes international high carbon ferrochrome prices go up.Asian Metal Copyright Due to tight supply of electricity in South Africa, most ferrochrome smelters have decreased their production greatly, which makes international high carbon ferrochrome prices go up.Asian Metal Copyright Although chrome ore import prices decrease somewhat, they are much lower than Chinese prices in main ports and it is very difficult to sell chrome ore in China, so most importers are very cautious in chrome ore purchase.Asian Metal Copyright Most Chinese importers are inactive in high carbon ferrochrome purchase due to large price gaps with Chinese domestic materials.Asian Metal Copyright Most Chinese importers are inactive in high carbon ferrochrome purchase due to large price gaps with Chinese domestic materials.Asian Metal Copyright Although chrome ore import prices decrease somewhat, they are much lower than Chinese prices in main ports and it is very difficult to sell chrome ore in China, so most importers are very cautious in chrome ore purchase.Asian Metal Copyright Due to tight supply of electricity in South Africa, most ferrochrome smelters have decreased their production greatly, which makes international high carbon ferrochrome prices go up.Asian Metal Copyright