Research

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

Change font size:   

October 2019 | Stainless Steels


Chrome prices continue to inch up: Chrome/Molybdenum Highlights


Most stable at present are the markets for chrome ore, where prices remain at just over $150/tonne for South African UG2 ore and at around $205/tonne for Turkish lumpy ore.

Ferrochrome
Global chrome markets, often volatile in their pricing movements, continue to enjoy a large degree of stability. The underlying direction and sentiment appears to remain slightly positive, however, with some marginal price increases seen in most markets over recent weeks. We expect that markets will continue to move upward in this incremental way during the final weeks of 2019 given that Q4 is a typically strong period of the year.

Most stable at present are the markets for chrome ore, where prices remain at just over $150/tonne for South African UG2 ore and at around $205/tonne for Turkish lumpy ore. These values are more-or-less unchanged since early August, having previously been in decline throughout Q2.

With costs of this key raw material stable, it is perhaps no surprise that prices of finished ferrochrome have been relatively stable as well. It...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?