Monthly Chrome Market Report Mar 2021
2021-04-13 18:22:16 【Print】
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1. Market Highlights
Chinese HC ferrochrome and LC ferrochrome prices trended down in March due to decreasing raw material prices and limited deals. Before mid-March, Chines silicochromium sellers held prices firm due to tight supply in spite of lower raw material prices, so the prices of the material edged up; however, downstream buyers began to force down prices late this month, resulting in a slight decrease in silicochromium prices.
In March, South African sellers cut prices slightly amid limited transactions, and thus the CIF China and in-port China prices of South African chrome ore edged down. However, the CIF China and in-port China prices for Turkish chrome ore were firm with sellers holding firm prices.
Chinese chromic salt sellers held prices firm in March supported by higher raw material prices. Chrome metal prices in Chinese market and export market both inched up encouraged by increasing raw material prices.
Chinese HC ferrochrome and LC ferrochrome prices trended down in March due to decreasing raw material prices and limited deals. Before mid-March, Chines silicochromium sellers held prices firm due to tight supply in spite of lower raw material prices, so the prices of the material edged up; however, downstream buyers began to force down prices late this month, resulting in a slight decrease in silicochromium prices.
In March, South African sellers cut prices slightly amid limited transactions, and thus the CIF China and in-port China prices of South African chrome ore edged down. However, the CIF China and in-port China prices for Turkish chrome ore were firm with sellers holding firm prices.
Chinese chromic salt sellers held prices firm in March supported by higher raw material prices. Chrome metal prices in Chinese market and export market both inched up encouraged by increasing raw material prices.
