Home

Metal News

Nickel

[Ni] Domestic Chrome Market Remains Depressed

Property Prices Firm up in 1Q

SHANGHAI, Apr. 7 (CBI China) -- It is said that due to production cuts at steel mills and the negative impact of imported ferrochrome, a portion of domestic ferrochrome factories were ready for production suspension in fierce price competitions; the price and trade volumes of chrome ore fell along with increasing production stoppages at ferrochrome factories, leading to very slim transactions. The depressed domestic chrome market was deteriorating.
&nbsp;&nbsp;&nbsp; At present, the mainstream price of domestic high carbon ferrochrome was RMB 5,800-60,000/mt, leaving price disadvantages to the factories compared to the price of imported ferrochrome at RMB 5,500-5,600/mt. In this context, the stainless steel mills will prefer to low-cost imported ferrochrome in view of current weak demand and capital pressure. As India and South Africa intended to take up more market shares in China, the price of imported ferrochrome will remain unknown in the future. The price of domestic high carbon ferrochrome is likely to meet downward pressure in the future.
&nbsp;
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: <A href="mailto:metalresearch@cbichina.com">metalresearch@cbichina.com</A> or tel:86-21-51550040

China's Non-Ferrous Metals Stocks Face Limited Gains, UBS Says

[Ni] Domestic Chrome Market Remains Depressed_SMM | Shanghai Non ferrous Metals

Exclusive: China's base metals output in December

The impact on copper and steel sectors as Hebei announced a "state of wartime" 

Exclusive- SMM Survey: Impact on metals sectors on Hebei lockdown

SMM Morning Comments (Jan 6): Shanghai base metals were mostly higher as investors monitored Chinese tech

SMM Morning Comments (Jan 11): Shanghai base metals fell across the board as investors awaited the release of Chinese inflation data for December