OMC Chrome Ore prices have been very volatile in H2 CY19. The scenario of Ferro Chrome in the global market mostly drives the Chrome Ore prices. However, the prices of Chrome ore have been taking an interesting turn after mid-August, when the supply disruptions in Odisha created havoc among the producers of Ferro Chrome as many went out of stock. Therefore, in September the prices rose by 25% M-o-M in line with a supply shortage of the Chrome Ore in the market.
News ID: 8143 Publish Date : 2019/12/26
Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.
News ID: 6219 Publish Date : 2019/08/28
Indian Silico Manganese Prices have been falling gradually every week for some time now. Amid low demand and sluggish market sentiments for finished steel, producers are reducing the prices to entice buyers. Demand is weak in both domestic as weak as the global market .
News ID: 6068 Publish Date : 2019/08/20
In recent conversations with industry participants, SteelMint learned that imported scrap offers to Pakistan have recovered moderately after touching record low levels last week, as strengthening in the global market is making suppliers less inclined to sell at low prices.
News ID: 5478 Publish Date : 2019/07/25
Indian Ferro Chrome prices increased amid improved global market conditions. In China, there is decrease in VAT rates – from 16% to 13% which would have been effective from 1st Apr’19, but the notification is still awaited.
News ID: 4235 Publish Date : 2019/04/08