Foundry grade chromite price weakens

By Davide Ghilotti
Published: Wednesday, 26 July 2017

The material moved after months of stability at the high levels reached at the end of last year, falling $30 due to competition in Europe, market participants said. Meanwhile South African chromite production decreased 19% in April while total sales from the country rose 67% month-on-month.

The volatility that has characterised the metallurgical and chemical chromite markets has eventually come to affect foundry grade chromite as well, with prices declining this week.

Following some three months of falling prices in chemical grade chromite – which reached a new low in mid-July – prices of foundry grade...

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