Chemical grade chromite price ticks upward, foundry sand firm

By Davide Ghilotti, Sybil Pan
Published: Wednesday, 10 March 2021

Spot market prices for chemical-grade chromite edged upward in the week to Tuesday March 9 while foundry sand prices held firm on bullish market sentiment triggered by the continuing rally in metallurgical chrome ore.

While liquidity in the chemical-grade market remained thin, the rapid appreciation of metallurgical-grade chrome ore prices led to bullish sentiment for chemical-grade material, given that it requires further purification and processing.

Increases in met-grade prices would support the non-met grade, albeit with a time lag, according to market participants.

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