APAC Chrome Prices Movement Last Quarter:
Chrome Prices in China:
The chrome price trend in Q4 2023 indicated that the average chrome price in China stood at $269 per metric ton, driven by steady demand from the steel industry, its largest consumer. However, competition from other chromium producers and fluctuating shipping costs pressured prices. A decline in steel production in some regions further reduced demand, stabilizing the market.
Despite these challenges, China remained a key player in the global chrome industry, with prices reflecting the ongoing balance of supply and demand. The market demonstrated resilience, maintaining stability despite external economic pressures and shifts in global trade dynamics.
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Note: The analysis can be tailored to align with the customer's specific needs.
Regional Analysis: The price analysis can be extended to provide detailed Chrome price information for the following list of countries.
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.
Factors Affecting Chrome Supply and Prices
Chrome supply and prices are driven by mining output from major producers like South Africa and Kazakhstan, alongside demand from industries such as stainless steel manufacturing. Transportation costs, energy prices, and global trade policies affect supply chains, while geopolitical tensions, environmental regulations, and currency fluctuations contribute to market volatility, shaping overall price trends.
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Key Coverage:
- Market Analysis
- Market Breakup by Region
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Price Analysis
- Spot Prices by Major Ports
- Price Breakup
- Price Trends by Region
- Factors influencing the Price Trends
- Market Drivers, Restraints, and Opportunities
- Competitive Landscape
- Recent Developments
- Global Event Analysis
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Chrome Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Chrome price trend, offering key insights into global Chrome market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Chrome demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.
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