Chromite market continues to depreciate
Published: Friday, 17 May 2019
Prices for both wet bulk and dried-and-bagged foundry-grade chromite have contracted further, while the chemical-grade price has also fallen.
Market prices in non-metallurgical chromite have continued
to soften over the past week, dogged by high supply and demand
that was insufficient to absorb the available volumes.
Market participants reported a bearish scenario
characterized by high inventories, both at points of origin and
at main destination ports and distribution warehouses....