The chrome market saw no upward trend suppressed by steel mills recently. The weak demand also made the market tiresome. The future looked to be anxious.
Turkish 38% Lump assessment was at $140-$145/mt, 46-48% powder was at $195-$205/mt, South Africa 42-44% powder was at $145-$150/mt, and domestic 44% South African powder was at CNY 28-29/mtu.
The high carbon ferrochrome was going down and the assessment was at CNY 5400-5500/50mt, ex-works; low carbon ferrochrome was at CNY 10000-10100/ton, microcarbon ferrochrome V10 was at CNY 10300-10500/ton.
The chrome ore was under performed which was suddenly suppressed by stainless steel mills. The trend of the price was downward. |