APAC Chrome Prices Movement Last Quarter:
Chrome Prices in China:
| Product | Category | Price |
| Chrome | Metals | $269/MT |
In the last quarter of 2023, the chrome price trend indicated that the average price of chrome in China was $269 per metric ton. This price trend was primarily driven by steady demand from the steel industry, the largest consumer of chrome. However, global supply factors, such as competition from other chromium-producing countries and fluctuating shipping costs, exerted downward pressure on prices.
Additionally, a decrease in steel production in certain regions of China contributed to reduced demand for chrome, helping to stabilize prices. Despite these challenges, China remained a key player in the global chrome market, with prices reflecting the balance of supply and demand within the country. Overall, the market demonstrated resilience, maintaining a stable pricing environment despite external pressures.
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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
The supply and prices of chrome are influenced by factors such as mining output, particularly from key producers like South Africa and Kazakhstan. Market demand from industries like stainless steel production plays a significant role. Additionally, transportation costs, energy prices, and global trade policies impact supply chains. Geopolitical tensions, environmental regulations, and currency fluctuations also contribute to price volatility, making the chrome market sensitive to both internal and external economic pressures.
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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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