SwapX Weekly Report 14/09/2021
Chrome Ore market prices, insights by origin on 14 September 2021.
CHROME MARKET ANALYSIS
ChromeSA, an organisation of non-integrated, primary chrome ore producers, was formed late last year after the Cabinet announced that a chrome export tax was in the offing. But it has not yet been implemented.
Recently, driven by the increased activity of inquiry and procurement, the small price rise of high-carbon ferrochrome is getting better and better. Due to the shortage of goods in the market and the continuous emergence of demand, coupled with the high cost of coke, it is expected that the retail price of high-carbon ferrochrome will continue to rise slightly.