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

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December 2019 | Stainless Steels


Chrome prices continue to inch down as 2019 comes to a close: Chrome/Molybdenum Highlights


Prices have reversed to the extent that they are now at lows for the year, just as 2019 comes to a close.

Ferrochrome
The post-summer rally appears to be well and truly over for chrome. After having inched up in the two months through to mid-October, chrome markets appear to have reversed course. As we expected would be the case, prices on most products have continued to fall in recent weeks.

Indeed, prices have reversed to the extent that they are now at lows for the year, just as 2019 comes to a close. With regards ore, South African UG2 is now priced at an average of $129/tonne cif China (down $1/tonne since last month). Turkish lumpy ore is now being traded just below the $190/tonne mark (down $5/tonne since last month).

As for ferrochrome itself, the key spot market price (charge chrome imported into China) is now at just $0.70/lb cif China, down by a further 2¢/lb since last month and at levels not seen...

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