Chrome Market Report June 2012

Although most consumers increase their purchasing prices of high carbon ferrochrome for June, but demand from buyers is not quite good in the spot market.Asian Metal Copyright Most participants believe that the purchasing prices of high carbon ferrochrome in July would go down.Asian Metal Copyright Meanwhile, many participants are worried about the stainless steel industry and ferrochrome prices keep going down in the spot market, so chrome ore market decrease slightly.Asian Metal Copyright July is the traditional sluggish month, so many participants are pessimistic towards the market and the market is more likely to fluctuate in low price levels.Asian Metal Copyright Most participants believe that the purchasing prices of high carbon ferrochrome in July would go down. In late June, Chinese major stainless steel makers decrease the purchasing prices of high carbon ferrochrome by RMB150/t delivered.Asian Metal Copyright Meanwhile, many participants are worried about the stainless steel industry and ferrochrome prices keep going down in the spot market, so chrome ore market decrease slightly.Asian Metal Copyright July is the traditional sluggish month, so many participants are pessimistic towards the market and the market is more likely to fluctuate in low price levels.Asian Metal Copyright Meanwhile, many participants are worried about the stainless steel industry and ferrochrome prices keep going down in the spot market, so chrome ore market decrease slightly.Asian Metal Copyright