North America Chromium Prices Movement Last Quarter:
Chromium Prices in United States:
In the second half of 2023, the chromium price trend in the United States averaged around 12,161 USD per metric ton. The pricing trend was influenced by steady demand from the stainless steel sector and stable mining output. Additional factors such as energy costs, labor expenses, and logistical efficiency contributed to consistent market performance and maintained chromium’s value across industrial applications.
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Note: The analysis can be tailored to align with the customer's specific needs.
APAC Chromium Prices Movement Last Quarter:
Chromium Prices in China:
During the same period, China recorded an average chromium price of 8,850 USD/MT. The lower pricing was driven by domestic production strength and competitive supply chains. However, demand from alloy and stainless steel manufacturing sectors, coupled with export dynamics and energy costs, played a crucial role in shaping overall market trends.
Regional Analysis: The price analysis can be extended to provide detailed Chromium 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 Chromium Supply and Prices
Chromium supply and pricing are shaped by mining production in key regions like South Africa and Kazakhstan. Robust demand from the stainless steel sector drives market momentum. Additionally, energy expenses, geopolitical developments, environmental restrictions, and global trade policies all affect supply consistency, leading to fluctuations in overall pricing and market dynamics.
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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, “Chromium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Chromium price trend, offering key insights into global Chromium 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 Chromium 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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