North America Chromium Prices Movement Last Quarter:

Chromium Prices in United States:

In Last Quarter, the average chromium prices in the United States reached 12,161 USD/MT. This price reflected the strong demand for chromium in the production of stainless steel, which remains a primary driver in the U.S. market. Other industries, including aerospace and automotive, also contributed to the steady demand for this critical metal. Rising production costs, along with geopolitical uncertainties and global supply chain challenges, further impacted pricing. The U.S. chromium market remained highly sensitive to international trade dynamics, especially with suppliers from countries like South Africa and Kazakhstan.

APAC Chromium Price Movement Last Quarter:

Chromium Prices in China:

In China, the average price of chromium in the last quarter reached 8,850 USD/MT, reflecting a more moderate price compared to the U.S. market. China’s pricing was influenced by its large domestic production capacity and the significant role chromium plays in the country’s steel and alloy industries. Despite global market pressures, China managed to maintain competitive pricing, benefiting from efficient production methods and strong government support for its mining sector. However, the prices were still impacted by fluctuating raw material costs, logistical challenges, and shifts in global demand, particularly from emerging economies.

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.

Request to Get the Sample Report: https://www.imarcgroup.com/chromium-pricing-report/requestsample

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