Weekly Report of Chromium Market (12.21-12.25): chromium’s strong bullish trend

  • Monday, December 28, 2020
  • Source:ferro-alloys.com

  • Keywords:ferrochrome,futures market,spot market
[Fellow]This week, the price of South African Cr40/42% Concs continues to rise. Chromium has shown a strong bullish trend.

[Ferro-Alloys.com

  This week, the price of South African Cr40/42% Concs continues to rise. Chromium has shown a strong bullish trend. Due to the low price in the market, it is difficult to make a transaction. The prices of coke and freight are rising. Domestic ferrochrome price is strong and the continuous increasing price of chromium plays a pivotal role in the cost of ferrochrome. Meanwhile, the futures price of imported ferrochrome has also increased in the past two weeks. At present, the supply of spot market is tight, and industry insiders are mainly hold bullish on the futures market of chromium.

  Spot price details of chromium ores in China this week                            Unit:¥/mtu

Chrome ore

Monday

Tuesday

Wednesday

Thursday

Friday

South African Cr40/42% Concs

24.5-25.5

24.5-25.5

25-26

25-26

25-26

South African Cr42/44% Concs

28-29

28-29

28-29

28-29

28-29

Turkish Cr46/48% Concs

36-37

36-37

36-37

36-37

36-37

Pakistan Cr40/42% Lumpy

39-40

39-40

37-38

37-38

37-38

Albanian Cr40/42% Lumpy

40-41

40-41

40-41

40-41

40-41

 

  • [Editor:Catherine Ren]

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