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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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June 2018 | Ferro-alloys


South African chrome prices rise sharply: Ferro-chrome Highlights


We highlighted last month the increase in oil prices that had been seen through early 2018 as a key component behind rising cost pressures in the chrome industry.

The pick-up in chrome markets that began last month has continued over the past few weeks, driven by higher production costs, an environmental clampdown in some parts of China and a pick-up in China’s stainless steel market. As ferrochrome contract prices are negotiated towards the end of June rather than earlier in the quarter, the timing of a spot market rally has been fortuitous for chrome suppliers. Previous forecasts of a significant reduction in contract prices were scaled back and there was even some talk of a rollover in prices from Q2 levels being heard among market participants before the settlement...

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