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Chromium Price Trend and Forecast

UNSPC code: 31101503
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing
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chromium Price Trends by Country

nlNetherlands
usUnited States
cnChina
inIndia

Global chromium Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for Chromium across top trading regions:

Chromium Regional Coverage Chromium Grade and Country Coverage Chromium Pricing Data Coverage Explanation
Asia-Pacific Chromium Pricing Analysis Chromium 99% min FOB Prices at Shanghai Port, China Weekly Price Update on Chromium 99% min Real-Time Export Prices from Shanghai Port, China to Global Markets
Chromium 99% min CIF Prices at Nhava Sheva Port, West India. Importing from China Weekly Price Update on Chromium 99% min Real-Time Import Prices at Nhava Sheva Port, West India, from China
North America Chromium Pricing Analysis Chromium 99% min CIF Prices at Houston Port, USA. Importing from China Weekly Price Update on Chromium 99% min Real-Time Import Prices at Houston Port, USA, from China
Europe Chromium Pricing Analysis Chromium 99% min CIF Prices at Rotterdam Port, Netherlands. Importing from China Weekly Price Update on Chromium 99% min Real-Time Import Prices at Rotterdam Port, Netherlands, from China

Chromium Price Forecasts & Market Foresight Q3 2026

Outlook: Mildly Bearish

Confidence: High

Chromium prices are expected to display mixed regional trends during Q3 2026. In China, prices are expected to remain stable, supported by balanced domestic supply, steady stainless steel production, and stable raw material availability.

India is likely to witness a mildly bearish trend, pressured by cautious downstream purchasing, adequate inventories, and competitive import availability. The USA is also anticipated to experience a mildly bearish market, driven by sufficient supply, measured industrial demand, and procurement limited to immediate requirements.

Meanwhile, the Netherlands is expected to remain mildly bearish as comfortable inventories, moderate stainless steel demand, and steady import inflows continue to weigh on pricing.

Global Chromium Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
China (Cr-99%min ,Fe-0.3%%max) FOB Sanghai Stable
India (Cr-99%min ,Fe-0.3%%max) CIF Nhava Sheva (CHINA) Mildly Bearish
USA (Cr-99%min ,Fe-0.3%%max) CIF Houston (CHINA) Mildly Bearish
Netherlands (Cr-99%min ,Fe-0.3%%max) CIF Rottterdam (CHINA) Mildly Bearish

*Chromium Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watchâ„¢ Chromium Forecast

Access comprehensive Chromium market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watchâ„¢ Chromium Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in chromite ore feedstock costs, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand, and geopolitical developments affecting the global Chromium market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track Chromium Supply Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Chromium markets.

Access the Price Watchâ„¢ GIO Tracker

Chromium 99%min Price Trend Q2 2026

In Q2 2026, global Chromium prices exhibited a mixed trend as fluctuating stainless steel production, changing raw material availability, and varying procurement strategies influenced market dynamics across major regions.

During April and May, steady demand from the stainless steel and alloy manufacturing sectors, along with intermittent supply constraints from key producing countries, provided support to prices in several markets.

While adequate inventories and cautious purchasing limited stronger gains elsewhere. The Chromium Price Chart reflected these uneven movements, with prices remaining firm in some regions and stable to slightly weaker in others during the first two months of the quarter.

Toward the end of the quarter, however, softer stainless steel demand, improved material availability, and reduced buying activity weighed on market sentiment. As supply conditions eased and inventories recovered, the Chromium Price Index began indicating a downward correction, with prices declining across most regions in June 2026 as supply demand fundamentals gradually moved toward balance.

China: Chromium 99%min Export prices FOB Shanghai, China; Grade – Purity:(Cr-99%min, Fe-0.3%max)

In Q2 2026, the Chromium Metal Price Trend in China recorded a marginal decline of 0.16%, reflecting balanced market fundamentals amid subdued downstream procurement and adequate domestic supply.

Stable production levels, coupled with sufficient inventories, limited upward price momentum despite consistent demand from the stainless steel, aerospace, and specialty alloy sectors. Buyers largely adopted a cautious purchasing approach, sourcing material based on immediate requirements as broader industrial activity remained moderate.

Additionally, steady raw material availability and limited cost side pressure kept market conditions stable throughout most of the quarter. In June 2026, Chromium Metal prices in China declined further by 1.64%, as comfortable inventory levels and softer buying interest weighed on market sentiment, prompting suppliers to adjust prices to encourage transactions.

Netherlands: Chromium 99%min Import prices in Netherlands from China CIF Rotterdam, Netherlands; Grade – Purity: (Cr-99%min, Fe-0.3%max)

In Q2 2026, the Chromium Metal Price Trend in the Netherlands recorded an increase of 1.50%, supported by improved procurement activity from the stainless steel, aerospace, and specialty alloy industries. Along with firmer import costs during the early part of the quarter.

Healthy industrial demand and periodic supply tightness encouraged buyers to secure material, while stable manufacturing activity across Europe sustained positive market sentiment. However, as the quarter progressed, sufficient inventory availability and easing raw material cost pressures gradually moderated upward momentum.

In June 2026, Chromium Metal prices in the Netherlands declined by 0.88%, as comfortable stock levels and softer downstream purchasing reduced buying urgency. Prompting suppliers to adjust prices amid a more balanced supply demand environment.

USA: Chromium 99%min Import prices in USA from China CIF Houston, North America; Grade – (Cr-99%min, Fe-0.3%max)

In Q2 2026, the Chromium Metal Price Trend in the USA recorded an increase of 1.51%, supported by steady demand from the aerospace, defence, stainless steel, and specialty alloy industries. Alongside firm import costs and stable industrial production.

Market sentiment remained positive through the quarter as buyers secured material to meet ongoing manufacturing requirements, while moderate supply tightness in the spot market contributed to higher pricing. However, toward the end of the quarter, improved inventory availability and a more balanced supply demand environment reduced upward price momentum.

In June 2026, Chromium Metal prices in the USA declined by 0.87%, as sufficient stock levels and softer procurement activity from downstream consumers eased market pressure. Prompting suppliers to adjust prices in response to slower spot market transactions.

India: Chromium 99%min Import prices in India from China CIF Nhava Sheva, India; Grade – (Cr-99%min, Fe-0.3%max)

In Q2 2026, the Chromium Metal Price Trend in India recorded an increase of 2.18%, supported by robust demand from the stainless steel, automotive, and engineering sectors. Alongside firm domestic procurement and higher import costs.

Healthy manufacturing activity and steady consumption from alloy producers encouraged buyers to secure material during the quarter, while stable industrial output maintained positive market sentiment.

However, toward the end of the quarter, improved material availability and sufficient inventories helped ease supply concerns, moderating the pace of price gains. In June 2026, Chromium Metal prices in India declined by 0.87%, as comfortable stock levels and softer downstream purchasing activity reduced buying momentum. Prompting suppliers to lower offers amid a more balanced market environment.

Chromium Price Trend Analysis: Q1 2026

Chromium Price Trend Q1 2026

The global price development of chromium metal exhibited a distinct drop in Q1 2026 compared to Q4 2025, as it transitioned from earlier bullish activity into a more subdued overall market. Chrominum prices in Q4 2025 were supported by strong stainless steel demand, limited supply and replenishing inventories.

But in Q1 2026, the overall marketplace corrected from the previously bullish chromium price trend environment due to improving supply availability and smoother supply chains due to declining demand for downstream products, particularly in the stainless steel industry.

The overall increase in inventories that occurred during late 2025 added further destocking pressure to the market and the overall reduction of energy and logistics costs also contributed to less upward pressure on prices.

Furthermore, there has been a significant reduction in spot purchasing activity and overall cautious behaviour by buyers, which contributed to a general slowdown in both regional and country-wide trading activity across the primary regions of Asia, Europe and North America.

Therefore, from a global view point, the chromium metal market entered into a moderate but pronounced decline during Q1 2026, as it transitioned from supply driven price strength to demand driven price normalisation.

China: Chromium Export prices FOB Shanghai, China; Grade – Purity:(Cr-99%min, Fe-0.3%max)

The chromium price trend in China during Q1 2026 showed a modest decline of approximately -2.29% compared to Q4 2025, reflecting a shift from the stronger pricing environment seen at the end of 2025 to a softer market condition.

This decrease has been primarily driven by weakened demand from the stainless-steel sector, as ongoing challenges in construction and manufacturing reduced alloy consumption and led to cautious procurement strategies among buyers.

Chromium prices in China rose 2.10% in March 2026 mainly due to higher chrome ore costs and tighter supply expectations, while stainless steel demand stayed stable, supporting a gradual cost driven price increase rather than strong demand growth.

Netherlands: Chromium Import prices in Netherlands from China CIF Rotterdam, Netherlands; Grade – Purity: (Cr-99%min, Fe-0.3%max)

According to Price-Watchâ„¢ , in Q1 2026, the chromium price trend in the Netherlands registered a decline of approximately 1.63% compared to Q4 2025, reflecting a continued softening in the European metals market driven primarily by weak downstream demand from the stainless steel and alloy sectors.

Reduced construction and manufacturing activity across Europe led to lower chromium consumption, while improved global supply conditions particularly from key exporters such as China, South Africa, and Kazakhstan contributed to ample market availability and inventory build up at major trading hubs like Rotterdam.

Netherlands chromium prices increased by around 2.40% in March 2026 due to higher ferrochrome/chrome ore costs, rising European energy prices, and tighter stainless-steel supply. However, softer industrial demand in Europe kept the price rise moderate.

USA: Chromium Import prices in USA from China CIF Houston, North America; Grade – (Cr-99%min, Fe-0.3%max)

In Q1 2026, the chromium price trend in the United States registered a moderate decline of approximately 1.63% compared to Q4 2025, reflecting a phase of market correction after the stronger pricing environment observed in late 2025.

This slight decrease was primarily driven by improved global supply availability, as increased output from major producing regions and smoother logistics enhanced material flow into the U.S., reducing earlier supply tightness.

At the same time, demand from key sectors such as stainless steel, automotive, and aerospace remained stable but less aggressive, as buyers adopted a cautious procurement strategy following heavy purchasing in the previous quarter, leading to sufficient inventory levels and reduced spot market activity.

Additionally, stabilizing energy costs and easing freight rates contributed to lowering overall production and import costs, further supporting the downward adjustment in prices. The 2.4% rise in U.S. chromium prices in March 2026 was mainly driven by higher stainless-steel demand and cost pass through, along with tighter ferrochrome supply expectations and rising energy/tariff related production costs.

India: Chromium Import prices in India from China CIF Nhava Sheva, India; Grade – (Cr-99%min, Fe-0.3%max)

In Q1 of 2026 India has seen a small correction or decline (1.29%) in their chromium metal prices, compared to Q4 of 2025, reflecting a move towards a more balanced supply/demand situation after last year’s volatility.

The chromium price trend in India showed stable to softer prices as improved global supply from major producers, including South Africa and Kazakhstan, along with eased logistics issues reduced upward pressure on prices.

Concurrently, moderate and non-aggressive growth occurred in demand from the main consumer, the stainless-steel sector, while inventory normalisation following late 2025 stockpiling served to suppress near-term purchasing requirements. Domestic prices also showed some slight easing among all grades and purities due to softer ferrochrome price trends and stable raw material costs.

Price for chromium in India increased by 3.42% in March 2026 primarily due to seasonal restocking by stainless steel producers and rising input (energy and raw material) costs. While supply remained generally tight, it was not severely disrupted; therefore, the increase has been moderate.

Chromium Price Trend Analysis 2025

Chromium Price Trend Q1 2025

In Q1 2025, the chromium market experienced a notable price decline, with values falling by $8,221 per metric ton, FOB Shanghai marking a 1.01% decrease. This downward trend suggests a combination of softening demand and improved supply dynamics. Factors potentially influencing the price drop include reduced industrial activity in key consuming sectors such as stainless-steel manufacturing, shifts in global trade patterns, and stabilization in mining output following previous supply chain disruptions.

While the percentage decline appears modest, the significant absolute price drop underscores the high base value of chromium and the market’s sensitivity to macroeconomic indicators and inventory levels.

In Q1 2025, India’s chromium market experienced a notable price increase of $8,723 per metric ton, CIF Nhava Sheva (CHINA) reflecting a 1.52% rise. This uptick is attributed to several factors, including a 21% year-on-year increase in ferrochrome production during the first half of FY2024–25, driven by higher stainless-steel production and increased demand for superior stainless-steel grades.

Additionally, the use of nickel pig iron (NPI) in stainless steel manufacturing has led to higher ferrochrome consumption. However, challenges such as deteriorating chrome ore grades and weak export demand, particularly from China, have impacted market dynamics. Despite these pressures, the price rise indicates a cautious optimism in the market, with expectations of improved demand following government infrastructure initiatives.

Chromium Price Trend Q2 2025

According to the PriceWatch, In Q2 2025, Chromium prices rose sharply by $8,909.53 per metric ton, FOB Shanghai an 8.63% increase, driven by geopolitical instability and rising tariffs. Disruptions in major supply regions like South Africa and Kazakhstan, due to labour unrest and logistical challenges, significantly constrained global output. Simultaneously, escalating trade tensions led to stricter tariffs on strategic metal exports, particularly from China and Russia, further limiting availability.

Western nations, aiming to secure critical mineral supply chains, imposed protective trade measures, prompting a wave of stockpiling by manufacturers reliant on Chromium for stainless steel and energy transition technologies. This combination of restricted supply, increased demand, and policy driven market fragmentation contributed to the substantial price spike.

According to the PriceWatch, In Q2 2025, Chromium prices in India rose by $9,331.50 per metric ton, CIF Nhava Sheva (CHINA) a 7.03% increase, driven by global geopolitical instability and shifting tariff policies. Ongoing disruptions in major supply countries like South Africa and Kazakhstan, along with heightened sanctions and tariffs on exports from China and Russia, tightened global Chromium availability.

As India heavily depends on imports for its stainless steel and alloy industries, rising international prices and increased import duties led to higher domestic costs. Additionally, India’s efforts to localize critical mineral supply and reduce external dependence spurred increased procurement and stockpiling by manufacturers.

The combination of restricted global supply, higher import costs, and domestic demand growth especially from infrastructure and energy sectors contributed to the significant price escalation.

Chromium Price Trend Q3 2025

In Q3 2025, the global chromium market has been moving towards a negative price trend caused by reduced demand from key sectors such as stainless steel and construction, especially in developed markets. Prior to the negative price trend, some regional price spikes occurred due to supply chain disruptions and increased environmental compliance costs.

However, supply chain issues have been easing, and, as a result of weakening consumption, supply fundamentals have strengthened. Regulatory pressures and high production costs have been compressing margins, particularly for high-cost producers, while previous quarters of inventory build-up may see destocking. As a result, chromium prices should decrease further in the near-term.

Netherlands: Chromium Import prices CIF Rotterdam (CHINA), Netherlands, Grade- (Cr-99%min, Fe-0.3%max).

According to Price-Watchâ„¢ , In Q3 2025, the chromium price trend market in Netherlands witnessed a slight decline of 0.84% compared to Q2, reflecting a mild softening in demand from key downstream industries such as stainless-steel production. The chromium price trend in the Netherlands showed a modest downward adjustment after earlier upward momentum driven by supply constraints.

This decrease has been influenced by cautious buying behaviour, inventory carryover, and potential easing of supply side pressures. The 0.76% decrease in chromium prices in the Netherlands in September 2025 can be attributed to reduced demand from the stainless-steel industry amid slowing manufacturing activity.

Additionally, increased global supply, particularly from key exporting countries, have contributed to downward pressure on prices. While the Chromium market remains relatively stable, stakeholders should monitor pricing closely as the trend may impact margins and sourcing strategies heading into Q4.

USA: Chromium Import prices CIF Houston (CHINA), USA, Grade- (Cr-99%min, Fe-0.3%max).

In Q3 2025, the chromium price trend in the USA showed a slight decline of 0.7% compared to Q2, driven by moderate demand shifts in key industries like stainless steel production and stabilized supply levels. This small price decrease indicates a period of price consolidation amid improved mining outputs and cautious market sentiment influenced by global trade uncertainties.

The 0.75% decrease in chromium prices in the USA in September 2025 has been attributed to a slight oversupply in the market, reducing demand driven price support. Additionally, fluctuations in global trade dynamics and raw material availability have contributed to this moderate price adjustment. Overall, the Chromium market is expected to maintain a relatively stable outlook heading into the next quarter.

China: Chromium Export prices FOB Shanghai, China, Grade- (Cr-99%min, Fe-0.3%max).

In Q3 of 2025, the chromium price trend in China experienced a 4.01% quarter over quarter decrease from Q2 2025. The decline has largely been influenced by the tempered demand from the stainless steel and alloy markets, reduced supply concerns from higher ore imports, and lower input costs from tighter environmental restrictions in Q2.

Although inventories built and speculative interest weakened, the market had maintained sensitivity to supply risk and have limited rebound from infrastructure activity. Overall, the quarter represented a change in chromium price momentum in China, from the stability seen in Q2 to a moderate decline.

The 1.84% decline in chromium prices in China during September 2025 has been attributed to weaker demand from the stainless steel and alloy producing markets which have been major consumers of chromium. Additionally, increased supply from laundered producers and slower export demand placed additional downward pressure on prices.

India: Chromium Import prices CIF Nhava Sheva (CHINA), India, Grade- (Cr-99%min, Fe-0.3%max).

In the third quarter of 2025, the chromium price trend in India experienced a modest drop of 0.85% from the second quarter, signalling a mild cooling in market momentum after a strong first half of the year. This has been due to softened demand from the stainless-steel sector, seasonal slowdowns, and a stable supply of chrome ore in the market. Demand has been sufficient, yet there have been signs of softness, alongside an easing of cost pressures related to softer export demand.

The modest price drop indicates that the market has been stabilizing, rather than falling sharply, and prices are balancing out due to supply demand attributes. In September 2025, chromium prices in India fell by 0.77% due to softness in demand from the stainless steel and alloy industries, which have been the primary consumers of chromium.

Chromium Price Trend Q4 2025

In Q4 2025, the global Chromium metal market experienced a generally positive trend, driven by robust demand and tightening supply conditions across major regions. Strong consumption from key end-use sectors such as stainless steel, refractory materials, and specialty alloys encouraged buyers to engage in proactive procurement, while constrained output in certain supplying countries and logistical challenges contributed to a relatively tighter market, supporting price gains.

Import-dependent regions faced competitive supply shortages, prompting larger orders, and domestic producers benefited from firm downstream offtake, sustaining local price momentum. Consequently, market participants increasingly replenished inventories and adopted forward-looking purchasing strategies, leading the global Chromium metal market in Q4 2025 to reflect solid demand fundamentals, cautious supply constraints, and a gradual appreciation in prices, with a positive outlook heading into early 2026.

China: Chromium 99%min Export prices FOB Shanghai, China; Grade – Purity:(Cr-99%min, Fe-0.3%max)

According to Price-Watchâ„¢ , in Q4 2025, the Chromium metal market in China recorded a 12.23% price increase compared to Q3 2025, reflecting a strong upward trend amid positive market sentiment. Demand from the stainless steel, alloy production, and refractory material sectors remained robust, supporting prices throughout the quarter, while upstream production from chromium ore processing and ferro-chromium smelting units stayed stable but was insufficient to fully meet growing demand, tightening market availability.

Producers slightly increased operating rates in response to strong consumption, reinforcing the bullish tone. In December 2025, prices faced further upward pressure due to active year-end procurement from downstream industries and strengthened export demand.

Overall, the Chromium metal market in China exhibited solid supply fundamentals alongside strong demand, resulting in a notable quarterly price increase as the market moved into early 2026.

Netherlands: Chromium 99%min Import prices in Netherlands from China CIF Rotterdam, Netherlands; Grade – Purity: (Cr-99%min, Fe-0.3%max)

In Q4 2025, chromium metal prices in the Netherlands rose by 14.52% compared to Q3 2025, reflecting strong upward momentum across the European market. Demand from downstream sectors such as stainless steel production, specialty alloys, and plating applications was robust, driving active procurement and stock-building ahead of potential supply tightness.

Supply from key exporting countries, particularly South Africa and Kazakhstan, was comparatively constrained due to high global consumption and logistical delays, supporting higher regional prices. Upstream production remained stable, but shipment volumes and lead times tightened, adding further upward pressure.

Exchange rate stability within the Eurozone and moderately rising logistics costs also contributed to import-linked price increases. Toward December 2025, continued year-end restocking and sustained demand maintained firm pricing, resulting in a pronounced increase in chromium market offers heading into early 2026.

USA: Chromium 99%min Import prices in USA from China CIF Houston, North America; Grade – (Cr-99%min, Fe-0.3%max)

In Q4 2025, chromium metal prices in the USA increased by 14.53% compared to Q3 2025, reflecting a strong market trend supported by robust demand from the stainless steel, superalloy, and plating industries. Procurement activity intensified as buyers accelerated purchases to secure supplies amid expectations of continued demand growth, while domestic inventories remained relatively sufficient.

The U.S. market continued to rely on imports, mainly from Asian and European suppliers, and tighter international supply dynamics alongside occasional shipping delays and higher freight costs contributed to upward price momentum. Domestic traders maintained cautious inventory levels but adopted firmer pricing strategies to capitalize on the bullish sentiment, further supporting the overall price rise during the quarter.

In December 2025, prices climbed further as short-term restocking accelerated and domestic consumption remained the primary driver, while export demand stayed moderate. Overall, the U.S. chromium market demonstrated strong supply-demand fundamentals, with active procurement and positive market sentiment fuelling a significant price increase as the market moved into early 2026.

India: Chromium 99%min Import prices in India from China CIF Nhava Sheva, India; Grade – (Cr-99%min, Fe-0.3%max)

In Q4 2025, Chromium prices in India rose by 14.52% compared to Q3 2025, driven by tightening supply conditions and strong downstream demand. Procurement activity increased as buyers sought to secure material amid expectations of further price gains, while India’s dependence on imports from South Africa and Kazakhstan meant that rising global prices added upward pressure on domestic rates.

Domestic traders maintained lean inventories to optimize costs and benefit from higher prices, and demand from key end-use sectors such as stainless steel, specialty alloys, and chemical applications showed notable growth, supporting the rally.

Additionally, a mildly depreciating Indian Rupee against the US Dollar contributed to import cost pressures, further reinforcing the upward trend. By December 2025, the market exhibited robust momentum, with active buying and constrained supply positioning Chromium for a bullish start to 2026.

Chromium Price Trend Q1 2024

In the first quarter of 2024, the chromium market experienced a notable downturn, with prices decreasing by $8,770 per metric ton, FOB Shanghai reflecting a 2.74% decline. This drop highlights a shift in supply-demand dynamics, potentially driven by increased global production, easing logistical constraints, or softened demand from key industries such as stainless steel and aerospace manufacturing.

Additionally, macroeconomic factors like slowed industrial activity in major economies or shifts in trade policies could have contributed to the reduced pricing. The decline signals a period of adjustment in the chromium sector, prompting stakeholders to reassess their strategies in anticipation of further market fluctuations.

In Q1 2024, Chromium prices in India experienced a notable decline, dropping by $8,783 per metric ton, CIF Nhava Sheva (CHINA) which translates to a 1.06% decrease compared to the previous quarter. This downward trend reflects a moderation in demand within key industrial sectors such as stainless-steel manufacturing and alloy production, possibly influenced by global supply chain adjustments and shifting market dynamics. Despite the price reduction, the decrease remains relatively modest, indicating that while there is some pressure on pricing, the overall market for chromium continues to maintain stability in India’s industrial landscape.

Chromium Price Trend Q2 2024

In the second quarter of 2024, the price of chromium experienced a notable increase, rising by $8,914 per metric ton, FOB Shanghai which represents a 1.65% gain. This upward trend suggests tightening supply conditions or increasing demand in key industries such as stainless-steel manufacturing and aerospace. The modest percentage rise despite a substantial price jump in dollar terms indicates that chromium was already trading at a high base price.

Market dynamics, including geopolitical factors, export restrictions, or shifts in production from major suppliers like South Africa or Kazakhstan, may have contributed to this increase. Overall, the Q2 2024 price movement reflects a stable yet upward-pressured chromium market.

In Q2 2024, Chromium India experienced a notable price increase of $8,995 per metric ton, CIF Nhava Sheva (CHINA) reflecting a 2.41% rise compared to the previous quarter. This upward adjustment highlights strengthening demand dynamics and potential supply constraints within the chromium market. The price hike may also be influenced by global raw material cost pressures and inflationary trends impacting input costs.

As a critical alloying element in stainless steel production, chromium’s price sensitivity to industrial activity suggests that this increase could affect downstream manufacturers, potentially leading to higher end-product prices. Overall, the 2.41% price growth indicates a cautiously optimistic market outlook for Chromium India, balancing steady demand against tightening supply factors.

Chromium Price Trend Q3 2024

In Q3 2024, the chromium market experienced a notable downturn, with prices declining by $8,829 per metric ton, FOB Shanghai representing a 0.95% decrease. This price shift reflects a combination of subdued demand from key end-use sectors, such as stainless steel and aerospace, and an oversupply from major producing regions.

The relatively modest percentage change, despite the significant absolute drop, suggests chromium was trading at a high baseline price, highlighting the market’s previous inflationary trend. Global economic uncertainties and a potential slowdown in industrial output likely contributed to this downward pressure, prompting cautious sentiment among buyers and producers alike.

In the third quarter of 2024, chromium prices in India saw a modest increase of $9,021 per metric ton, CIF Nhava Sheva (CHINA) marking a 0.30% rise. This price movement was largely influenced by supply limitations due to reduced output from local producers who shifted focus towards manganese alloys, which offered higher profitability despite increased production costs. Furthermore, a major ferrochrome supplier withdrawing from the market further tightened spot availability.

Chromium Price Trend Q4 2024

In Q4 2024, the price of chromium experienced a notable decline, dropping by $8,304 per metric ton, FOB Shanghai representing a 5.94% decrease. This downturn reflects a combination of softer demand from key industrial sectors such as stainless-steel production and potential oversupply in the global market. Macroeconomic uncertainties, including slower growth in major consuming countries like China, likely contributed to weakened consumption patterns.

Additionally, increased output from major producers or a drawdown in strategic reserves may have added downward pressure on prices. This price movement signals a cooling phase in the chromium market after periods of volatility earlier in the year.

In the fourth quarter of 2024, chromium prices in India fell by $8,592 per metric ton, CIF Nhava Sheva (CHINA) marking a 4.76% decline. This drop was primarily driven by subdued demand from key industries such as stainless steel and specialty chemicals, which are major end-users of chromium. Additionally, global supply outpacing demand and a slowdown in industrial activity contributed to the downward price pressure.

Despite these market challenges, companies like Vishnu Chemicals Ltd (VCL) are taking strategic steps to buffer the impact. VCL’s backward integration through the acquisition of a chrome ore mine in South Africa, along with its forward integration into chrome metal production, is aimed at improving supply stability and maintaining profitability amid market fluctuations.

Technical Specifications of Chromium Price Trends

Product Description

Chromium is a hard, lustrous, and corrosion resistant metal primarily used as an alloying element to enhance the durability, strength, and wear resistance of materials. Its most notable application is in the production of stainless steel and other corrosion resistant alloys, where it significantly improves surface hardness and longevity. Chromium is also used in electroplating to provide a shiny, protective coating on metal surfaces, as well as in various industrial applications, including refractory materials, pigments, and catalysts. Its role is vital in both the metallurgical and chemical industries, contributing to product performance, appearance, and resilience.

Identifiers and Classification:

  • HS Code – 811221


Chromium Grades Specific Price Assessment:

  • (Cr-99%min, Fe-0.3%max)


Chromium Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 50-80 MT
  • Packaging Type (Product & Country Specific): Steel drum


Incoterms Referenced in Chromium Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  Chromium Metal Export price from China 
CIF Houston (CHINA)  Houston, USA  Chromium import price in USA from China 
CIF Rotterdam (CHINA)  Rotterdam, Netherlands  Chromium import price in Netherlands from China 
CIF Nhava Sheva (CHINA)  Nhava Sheva, India  Chromium import price in India from China 

*Quotation Terms refers to the quantity range specified for the Chromium being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Chromium packing, ease of handling, transportation, and storage in industrial and commercial applications.


Key Chromium Manufacturers

Manufacturer 
Assmang Proprietary Limited 
Lomon Billions Group 
Jindal Stainless (HISAR) 
Tata Steel 

Chromium Industrial Applications

chromium market share end use

Historically, several events have caused significant fluctuations in Chromium prices

  • Energy Crisis and Geopolitical Tensions (2022–2023): Rising energy costs, especially in Europe, increased production costs for chromium alloys and ferrochrome. Additionally, geopolitical tensions and sanctions impacted key trade flows, contributing to price volatility.
  • Supply Constraints and Export Policies (2021–2022): Major chromium-producing countries, such as South Africa and Kazakhstan, faced mining disruptions due to labour issues, power shortages, and stricter export regulations. These constraints tightened global supply and elevated prices.
  • Stainless Steel Production Demand (2020–2021): Chromium is a key component in stainless steel. A rebound in global manufacturing and construction after the COVID-19 slump led to increase stainless steel output, driving up chromium demand and prices.

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global chromium price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the chromium market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence chromium prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely chromium market data.

Track Price Watch'sâ„¢ chromium price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Chromium Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

• Raw Material Availability – Chromium is primarily obtained from chromite ore. The availability and quality of chromite deposits significantly influence chromium prices.

• Supply and Demand – High demand from industries such as stainless-steel production, aerospace, and electroplating can push prices up. Conversely, decreased industrial activity or oversupply can reduce prices.

• Mining and Production Costs – The costs associated with extraction, refining, energy consumption, and labour directly affect chromium pricing.

• Environmental Regulations – Stricter environmental and safety regulations in mining regions can increase production costs and impact supply, thereby affecting prices.

• Geopolitical Factors – Political instability in major chromium-producing countries (like South Africa, Kazakhstan, and Türkiye) can disrupt supply chains and influence global prices.

• Global Trade Policies & Tariffs – Export restrictions, import duties, and international trade agreements can impact chromium prices on the global market.

• Technological Advancements – Innovations in mining, processing, or material substitution can influence both production efficiency and demand, affecting overall pricing.

• Exchange Rates – Since chromium is traded internationally, fluctuations in currency exchange rates can impact prices in different regions and markets.

• Stockpiles and Inventories – Government and private sector stockpiling or liquidation of reserves can affect the balance of supply and demand, influencing price trends.

The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect chromium production costs and pricing.

Chromium prices generally rise with inflation, driven by higher energy, mining, and transportation costs. However, consistent demand from the stainless steel and aerospace industries often supports price stability, even amid broader economic pressures.

Chromium is a versatile transition metal with wide industrial applications, particularly in metallurgy, coatings, chemicals, and refractory materials. It is essential for stainless steel and other corrosion resistant alloys, where even small amounts improve hardness, tensile strength, and oxidation resistance. Chromium compounds are widely used in electroplating, pigments, leather tanning, and refractory production, while high purity chromium supports specialty alloys and advanced engineering applications. Regulatory oversight and safety standards, especially concerning toxic hexavalent forms, shape its production, trade, and pricing, making careful market tracking vital for industries that rely on chromium’s unique combination of mechanical strength, chemical stability, and corrosion resistance.

Chromium prices vary by region and market conditions. Prices are typically quoted per metric ton or per pound and fluctuate based on global supply, import/export flows, industrial demand, and currency exchange rates. Price Watchâ„¢ provides real time price assessments across different global markets to help buyers and sellers make informed decisions.

Prices fluctuate due to changes in Chinese production, environmental regulations, seasonal smelter maintenance, feedstock availability, and demand from pharmaceuticals, electronics, and alloys. Exchange rates, logistics costs, and global economic conditions also influence trends.

Major consumers include pharmaceuticals, electronics, metallurgy, chemical & pigment industries, and research/specialty materials. Price Watchâ„¢ analyses demand patterns across all these industries.

Chromium is primarily obtained from chromite ore (FeCr₂O₄), which is mined from ultramafic rocks. During processing, the ore is smelted with carbon in an electric arc furnace to produce ferrochromium, an alloy of chromium and iron. High purity chromium metal is then obtained by reducing chromium oxide (Cr₂O₃) with aluminium or silicon through aluminothermic or silicothermic processes, or by electrolytic deposition from chromate containing solutions, allowing recovery of the metal in powder or crystalline form suitable for stainless steel production, plating, refractory materials, and specialized industrial applications.

China is the world’s largest exporter. Export volumes vary with domestic policies, environmental regulations, and international demand. Price Watch™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Supply generally meets demand, but disruptions may occur due to smelter shutdowns, environmental restrictions, or spikes in industrial consumption. Price Watchâ„¢ monitors these supply demand imbalances to alert the market about potential shortages or surpluses.

Chromium is graded by purity: industrial grade (Cr-99%min, Fe-0.3%max), high purity 99.99%, and ultra pure specialty forms. Higher purity grades cost more due to extra refining. Price Watchâ„¢ provides separate price assessments for each grade to ensure market transparency.

When demand rises, for example: from pharmaceutical production or electronics manufacturing prices typically climb. Suppliers may prioritize certain customers, and lead times can extend. Price Watchâ„¢ captures these market dynamics in real time.

Refining Chromium is energy intensive. Rising electricity, fuel, or chemical costs often get passed on to buyers. This is why prices in regions with cheaper electricity tend to be lower, a correlation that Price Watchâ„¢ analyses in its price assessments & market reports.

Regional variations arise from import dependency, shipping costs, currency fluctuations, and local demand. Price Watchâ„¢ tracks prices across all major regions to highlight these differences.

Forecasts depend on production capacity, Chinese export policies, industrial demand, and macroeconomic factors. Price Watchâ„¢ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Yes. Accurate forecasts allow businesses to optimize purchasing, negotiate contracts, and manage inventories. If Price Watchâ„¢ forecasts predict a price increase in three months, you might choose to stock up now or lock in long term contracts at current rates, potentially saving thousands of dollars.

Events such as Chinese export restrictions, smelter shutdowns, environmental regulations, or economic shocks can cause supply shortages and price volatility. Price Watchâ„¢ provides timely alerts when such events affect the market.

Price Watchâ„¢ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Chromium industry.

Access Real-Time Chromium Price Trends
Access Real-Time Chromium Price Trends