Weak global chromite demand balances tightening supply
Published: Tuesday, 19 May 2020
Sentiment in the chromite market continued to improve in the week ended Tuesday May 19 but this has not yet translated into higher transaction prices, while consumption has been muted and the Covid-19-related lockdown in South Africa continued to hamper activity among producers.
Fastmarkets’ weekly assessment of the price for
chromite, foundry, 46% Cr2O3 min, dried and
bagged, fob South Africa, was stable at $275-395 per tonne
The corresponding assessment for chromite, foundry, 46%
Cr2O3 min, wet bulk, fob South Africa, was also unchanged at
$200-220 per tonne on the same...