‘Standoff’ with China to determine chromite price direction
Published: Friday, 10 February 2017
High demand in Asia was instrumental in driving prices upwards during 2016, although market participants say volatility may come to affect the market in 2017 depending on how upcoming negotiations with Chinese customers will take shape.
The chromite market is slowly waking up as China resumes
business after the holiday period, but suppliers say "a
standoff" is developing with buyers, the outcome of which will
determine market direction for the near future.
Discussions between buyers and sellers of chromite are
restarting after a few quiet weeks...