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

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January 2020 | Steel Raw Materials


Prices continue to inch down as 2019 comes to a close: Ferro-alloy Market Analysis


The key ferro-chrome spot market price (charge chrome imported into China) is now at just $0.70 per lb cif China, down by a further $0.02 per lb since last month and at levels not seen since early 2016.

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. Prices have reversed to the extent that they are now at lows for the year, just as 2019 comes to a close. South African UG2 chrome ore is now priced at an average of $129 per tonne cif China (down $1 per tonne since last month). Turkish lumpy ore is...

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