Skip to content
June Ferrochrome Market Overview: Benchmark Prices Fall Hard
Our June chrome market report details how the downward trend culminated in a significant drop in the ferrochrome benchmark price to 104c/lb from 120c/lb in the second quarter. The Chinese benchmark price is currently at 74-75c/lb for the third quarter from the previous 76-77c/lb. The market was definitely impacted by the depreciation of the Yuan […]
Higher nickel prices offers limited support to chrome and ferrochrome markets
Rising nickel prices, coupled with a slight overreaction to the 30 million tonnes of Vale iron ore being removed from the market in March has offered support to steel and stainless steel prices. However, this is unlikely to have any meaningful impact further upstream on chrome and ferrochrome which continues to be impacted by overproduction. […]
Ferrochrome Waking Up From An Eight Year Nightmare
Merafe published its European ferrochrome benchmark for 1Q17 at $1.65/lb, up from $1.10 in the fourth quarter. These higher prices loook like they’ve been accepted by consumers, in particular, the Chinese stainless steelmakers. At a price of $1.65, this will translate to around $1.50/lb, CIF, which means there is still $0.15/lb on the upperside. The […]
Ferrochrome Benchmark Prices Settled up 16c/lb
The European ferrochrome benchmark price for the third quarter was settled at 98c/lb compared to 82c/lb in the second quarter. The main reason for the increase is that South Africa appears to be short on material available for the spot market, which has resulted in higher spot market transactions in recent months. That being said, […]
Third Quarter 2014 Ferrochrome Market Summary
Stainless steel production in 3Q14 fell to 10.49m tonnes compared to 10.8m tonnes in 2Q14. The main reason for the lower output was due to the European summer which resulted in European production falling from 2.11m tonnes in 2Q14 to 1.78m tonnes in 3Q14. The European stainless steel industry is still pursuing plant closures in […]
European Ferrochrome Benchmark Settled At $1.15/lb
Dear Ferrochrome Subscribers Kindly note that the fourth quarter European HC-Ferrochrome benchmark was settled earlier than expected at $1.15/lb. This is 4c/lb lower than the previous quarter. Whilst this price is lower than we anticipated, we estimated a weaker settlement based on the following reasons: Cheap prices in Asia are capping prices: Despite the fact […]