Research

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

Change font size:   

November 2019 | Stainless Steels


Chrome prices slip on concerns about ore oversupply: Chrome/Molybdenum Highlights


In the key spot market of China, prices of both chrome ore and ferrochrome have slipped notably in recent weeks as persistent concerns about demand weakness have clearly more than offset some of the tightening factors seen on the supply side of the market.

Ferrochrome
After a couple of months of small price increases and hopes that seasonal strength during Q4 would see this trend continue, support for chrome prices appears to have disappeared.

In the key spot market of China, prices of both chrome ore and ferrochrome have slipped notably in recent weeks as persistent concerns about demand weakness have clearly more than offset some of the tightening factors seen on the supply side of the market.

The most dramatic moves have been seen in the traded prices of chrome ore. Here, prices for both South African and Turkish ore have fallen by some $15-20/tonne since our previous tracker. UG2 ore from South Africa is now being sold at around $130/tonne cif China (down from just over $150/tonne last month), while lumpy ore from...

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?