Halt in demand caps chromite market
Published: Wednesday, 01 July 2020
Weak demand has prevented the price of foundry-grade chromite from increasing further, following an uptick in recent weeks.
Prices for non-metallurgical chromite products, including
foundry sand and chemical-grade material, remained unchanged in
the week ended Tuesday June 30, according to
Fastmarkets’ latest assessments.
The level of supply was more than sufficient to cover
current consumption levels, market participants said.
While there were concerns in South Africa about the...