Chrome Ore Weekly Report

                                                                                          Date: 08-04-2017

www.ferro-alloys.com (Report& Analysis by Mabroor Ahmed, Representative Pakistan): The first week of April, was a silent week for Chrome Ore transactions, like the last week of March. With Tomb Swapping Day holidays in this week, the other days of the week also went unsuccessful for finalizing any deal.

The spot prices of China remained stable in throughout the week. Suppliers and the buyers were engaged in delivering the offers, but no one seal the deal this week. African Chrome Ore downstream procurement not increased sharply. Many of the transactions are concentrated in low prices.

Chinese chrome ore spot market is relatively stable. Although the offers from suppliers and traders are active, especially in Africa chrome ore, the downstream procurement is not increased sharply. A few of transactions are concentrated in low price. It is clearly seen that dropping trend occurs on chrome ore spot and futures prices, and chrome ore enterprises are selling their goods at a lower price.

According to www.ferro-alloys.comChina Custom resources that the stocks of Chrome Ore decreasing day by day and are now low but the stocks in North China ports are relatively high. Keeping in sight the high demand of the Ferro-Chrome, but the Ferrochrome Plants are delaying the purchase, giving an idea that they want to purchase the stocks in lower prices. Prices for chemical grade may be due for a downward tilt as metallurgical chrome adjusts, according to market traders;demand for foundry grade is reportedly strong.

The stocks at the portsof China continue to decrease. In January and February, the ports met the bulk chrome ore shipment, which makes the importers decrease the orders.  But no shipments in March are a good idea to support the prices to be firm. The production demands in the plants are still high, and the demand of Chrome Ore is still steady by the traders, so the prices are not predicted to be down in future.

• [Editor:admin]