chrome in hot demand

30 January 2006

China: Ferrochrome market rebounds
Source: Ferroalloys



See also
Ferro Chrome Board
Ferro Chrome CatalogThe ferrochrome prices on China's internal market rose last week by about RMB 100-200 per metric ton for high carbon and low carbon products.

At present, the mainstream price on internal market is about RMB 5100-5200 per metric ton for the high carbon ferro-chrome. The increase in the high carbon ferrochrome price may be attributed to purchasing activity by the steel makers who need to rebuild their stockpiles. Reduced warehouse ferrochrome inventories in the past several months and higher demand resulted in the tight supply and rise in ferrochrome prices.

There are positive tendencies also on the chrome ore market. One trader noted that the number of transactions has increased.

"We are confident in the future growth in chrome ore prices," he said.