After being badly hit by Covid-19, chromium metal prices have started to rebound on transport disruptions and high production costs, adding to a more positive outlook for 2021.
Fastmarkets' price assessment for chromium alumino-thermic 99% min, in-whs Rotterdam, was at $5,700-6,050 per tonne on Friday November 27, up by $200 per tonne (3.5%) from $5,500-5,850 per tonne a week earlier and rising for a second consecutive week.A combination of fewer vessels on the water, an imbalance in trade flows to and from China, and competition between cargoes has kick started a rapid increase in shipping costs...