Chemical grade chromite price ticks upward, foundry sand firm
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