Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • Key Driver Transformation in the Nutritional Supplements Market 2024
    Key Driver Transformation in the Nutritional Supplements Market 2024 Business
  • Day 154 – Latynina.tv – Alexey Arestovych
    Day 154 – Latynina.tv – Alexey Arestovych World News
  • Biotechnology Reagents Market Size, Share, Revenue, Trends,and Drivers For 2024-2033
    Biotechnology Reagents Market Size, Share, Revenue, Trends,and Drivers For 2024-2033 Business
  • The Positives of Being Positive
    The Positives of Being Positive World News
  • War in Ukraine, Analytics. Day 733 (part2): 3rd Year of War. Scenarios for the West and Ukraine.
    War in Ukraine, Analytics. Day 733 (part2): 3rd Year of War. Scenarios for the West and Ukraine. World News
  • Secretary Antony J. Blinken And NATO Secretary General Jens Stoltenberg At a Joint Press Availability
    Secretary Antony J. Blinken And NATO Secretary General Jens Stoltenberg At a Joint Press Availability World News
  • MyUnlimitedWP Disrupts the WordPress Website Support Market with Unlimited Plans for Small Business Websites for As Low As  a Month
    MyUnlimitedWP Disrupts the WordPress Website Support Market with Unlimited Plans for Small Business Websites for As Low As $42 a Month Business
  • Horizon Aircraft Signs Letter of Intent with Discovery Air Chile Ltda., Expanding Global Presence of Cavorite X7 Hybrid eVTOLs
    Horizon Aircraft Signs Letter of Intent with Discovery Air Chile Ltda., Expanding Global Presence of Cavorite X7 Hybrid eVTOLs Aviation
Chrome Ore Prices Surge as Ferrochrome Production Soars

Chrome Ore Prices Surge as Ferrochrome Production Soars

Posted on July 24, 2023 By NewsEditor

TELF AG explores the current state of ferro-alloys with a specific focus on the surging prices of chrome ore.

China’s role in the ferroalloy market cannot be underestimated. Its significant domestic ferrochrome production capacity and reliance on chrome ore imports position it as a key influencer”

— TELF AG

LUGANO, TICINO, SWITZERLAND, July 22, 2023/EINPresswire.com/ — TELF AG, a full-service international physical commodities trader, today explores the current state of ferro-alloys with a specific focus on the surging prices of chrome ore. The company analyzes the market trends in a recent article published on TELF AG’s Media Page and website. It highlights the crucial role of chrome ore in the production of ferrochrome.

According to TELF AG, the dynamic world of metals and alloys relies heavily on ferro-alloys, and chrome ore plays a pivotal role, particularly in the production of ferrochrome. The article reports that recent market trends indicate a significant surge in chrome ore prices, driven by robust domestic ferrochrome production and low port inventories. This has sparked optimism and bolstered market sentiment in China, the epicenter of the ferro-alloy industry.

TELF AG’s analysis reveals that seaborne chrome ore prices experienced an upward trajectory in the week leading up to Tuesday, July 11. The main driver behind this price increase was the impressive production rates of ferrochrome within China. As ferrochrome production soared, demand for chrome ore surged, putting upward pressure on prices. TELF AG states that this upward trend in chrome ore prices is a testament to the thriving ferro-alloy sector in the region.

A crucial factor contributing to the strong market sentiment, as per TELF AG, is the low port inventories of chrome ore. As of July 10, combined chrome ore inventories at the main ports of Tianjin, Qinzhou, Lianyungang, and Shanghai stood at 1.95-2.25 million tonnes. Although this figure represents a slight increase compared to the previous week’s range of 1.80-1.99 million tonnes, it is still historically low. The limited availability of chrome ore in port inventories has heightened demand and further driven up prices.

TELF AG reports that most of the additions to port inventories primarily belong to smelters rather than being readily tradeable. This indicates that the chrome ore stockpiles are being strategically accumulated by smelters, reinforcing their commitment to robust ferrochrome production. The focus on stockpiling by smelters demonstrates their confidence in the sustainability and growth of the ferro-alloy industry.

The surge in chrome ore prices and the robust production of ferrochrome highlight the strong interdependence between these two elements, according to TELF AG. Ferrochrome, an alloy composed of iron and chromium, is vital in stainless steel production. As the demand for stainless steel continues to rise across various sectors, including construction, automotive, and household appliances, the need for ferrochrome and its key ingredient, chrome ore, remains strong.

China’s role as a major player in the ferro-alloy market cannot be underestimated, as per TELF AG. The country’s significant domestic ferrochrome production capacity and reliance on chrome ore imports position it as a key influencer of global ferro-alloy prices. As China’s ferrochrome industry thrives, it has a cascading effect on the chrome ore market, driving prices and impacting the global ferro-alloy landscape.

The recent surge in chrome ore prices in China signifies the vibrancy and resilience of the ferro-alloy industry, states TELF AG. It also highlights the strategic vision of smelters actively securing their supply chains and reinforcing their commitment to ferrochrome production. As the demand for stainless steel continues to grow, the reliance on chrome ore and ferro-alloys will remain steadfast, ensuring the stability and progress of various industrial sectors worldwide.

In conclusion, TELF AG’s analysis reveals that the recent upward movement in seaborne chrome ore prices in China reflects the booming domestic ferrochrome production and low port inventories. This trend signals a positive market sentiment and showcases the integral role of chrome ore in the ferro-alloy industry. As the demand for stainless steel and ferro-alloys remains strong, stakeholders in the sector must continue to monitor and adapt to the ever-evolving dynamics of the chrome ore market.

For further information, please visit TELF AG’s Media Page: https://telf.ch/media/ or TELF AG’s website: https://telf-ag.com/

About TELF AG:

TELF AG is a full-service international physical commodities trader with 30 years of experience in the industry. Headquartered in Lugano, Switzerland, the company operates globally, serving customers and providing solutions for commodities producers worldwide. TELF AG works in close partnership with producers to provide effective marketing, as well as financing and logistics solutions, which enable suppliers to focus on their core activities and to access far-reaching markets wherever they may be.

Its flexible, customer-focused approach allows TELF AG to create tailor-made solutions for each producer, thereby facilitating long-term partnerships. Additionally, consumers widely recognize them for their operational excellence and reliability.

Rick De Oliveira
TELF AG
+41798709032 ext.
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Instagram
YouTube
Other

TELF AG Stainless Steel Market Update July 09, 2023

Chrome Ore Prices Surge as Ferrochrome Production Soars

You just read:

News Provided By

July 21, 2023, 23:00 GMT

Distribution channels:
Agriculture, Farming & Forestry Industry, Automotive Industry, Aviation & Aerospace Industry, Banking, Finance & Investment Industry, Book Publishing Industry, Building & Construction Industry, Business & Economy, Companies, Conferences & Trade Fairs, Consumer Goods
…


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.



Article originally published on www.einpresswire.com as Chrome Ore Prices Surge as Ferrochrome Production Soars

Business

Post navigation

Previous Post: MEMOIRS OF INDEPENDENCE,1957″ by DAVID WEDD
Next Post: Stanislav Kondrashov Explores the Culinary Secrets of the Silk Road

Related Posts

  • Kiln set to open 31,000-Square-Foot Boutique Coworking and Flexible Office Community at Riverside Downs in Littleton.
    Kiln set to open 31,000-Square-Foot Boutique Coworking and Flexible Office Community at Riverside Downs in Littleton. Business
  • Nevada Coalition to End Domestic and Sexual Violence Joins the National Council of Juvenile and Family Court Judges as Organizational Member
    Nevada Coalition to End Domestic and Sexual Violence Joins the National Council of Juvenile and Family Court Judges as Organizational Member Business
  • Frequently Asked Questions About Self-Directed Traditional IRAs
    Frequently Asked Questions About Self-Directed Traditional IRAs Business
  • Saskatchewan announces investments in irrigation plans at Lake Diefenbaker
    Saskatchewan announces investments in irrigation plans at Lake Diefenbaker Business
  • BeachLife Festival 2024 Announces Set Times and Reveals Onsite Activations, Fan Engagements, Giveaways & More
    BeachLife Festival 2024 Announces Set Times and Reveals Onsite Activations, Fan Engagements, Giveaways & More Business
  • Everblue Courses Approved by Virginia Department of Professional and Occupational Regulation (DPOR)
    Everblue Courses Approved by Virginia Department of Professional and Occupational Regulation (DPOR) Business
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Growth Due To Rising Incidence AmongJuly 5, 2025
  • Otto Aviation Announces New Manufacturing Facility and Headquarters in Jacksonville, FloridaJuly 5, 2025
  • A Grassroots Leader with Ideology and StrategyJuly 5, 2025
  • Pulsar Fusion Confirms Expansion to U.S. with New Texas Office, Signs MOU with Thales Alenia Space, Unveils UK’s Largest Space Testing Facility, and Releases New Mission Video to TitanJuly 3, 2025
  • First National Capital Corporation Releases Groundbreaking Research on ERP Financing Trends & Benchmarks for 2025July 3, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Kinsta Launches New Application Hosting and Database Hosting Services
    Kinsta Launches New Application Hosting and Database Hosting Services Business
  • Junior Achievement of Southern California to Honor Austin Beutner at the 2023 JASoCal Hall of Fame
    Junior Achievement of Southern California to Honor Austin Beutner at the 2023 JASoCal Hall of Fame Business
  • FAA Closes Blue Origin Mishap Investigation
    FAA Closes Blue Origin Mishap Investigation Aviation
  • [COLLECTIVE] und R17 Ventures erschliessen neuen Wachstumsmarkt in der Print-Branche
    [COLLECTIVE] und R17 Ventures erschliessen neuen Wachstumsmarkt in der Print-Branche Business
  • Belle Lundon’s “Space Cadet (Remix)” Soars to #12 on US iTunes Pop Songs Chart
    Belle Lundon’s “Space Cadet (Remix)” Soars to #12 on US iTunes Pop Songs Chart World News
  • War Day 114: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych  & #Feygin
    War Day 114: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • A New Solution for Pre and Post-Surgical Recovery to Help Plastic Surgeons Offer Faster Recovery to Their Patients.
    A New Solution for Pre and Post-Surgical Recovery to Help Plastic Surgeons Offer Faster Recovery to Their Patients. Business
  • Bangladesh Independence Day – United States Department of State
    Bangladesh Independence Day – United States Department of State World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .