Chromium Market Continues To Rise

At present, there are many factors that promote the continuous rebound of the chromium market. The first is the tight power supply and power cuts in South Africa, which lead to the first production and shipment of overseas mines and smelting plants; other domestic production areas also have power cuts due to the arrival of the dry season in the south. and the rise in electricity prices; moreover, faced with the rise in ore and electricity prices at the cost end, production has once again fallen into an upside down and on the verge of loss, which has prompted ferrochrome factories to increase their enthusiasm for rising prices; finally, as the end of the year is approaching, downstream terminal steel mills will also The existence of winter reserves, the increase in the performance of the demand side, and the release of output on the supply side eventually prompted the chromium market to continue to seek to focus on rising prices, and pay attention to the progress of subsequent steel mill bidding volume and price performance.

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