Unichrome’s Pastour comments on Chinese chrome ore prices

Chinese tender prices recently have been decreasing over the last three months. Although the current drop is much steadier than last year, now it seems that the market has found a footing floor, below which the supply might not be sustainable.

Over the last two years, when the price drops below 7,000 RMB/t, the availability of the FeCr in China decreases.

Thus, a 7000 RMB level is rather a technical floor for tender prices in China in present circumstances. As the result, we expect the prices to start picking up again in the second half, though with a more calculated and moderate pace.

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