[Ferro-Alloys.com]China’s major stainless steel makers lowered their tender prices of high-carbon ferrochrome for May last week. As the major downstream product of chrome ore, the decline would bring negative impact to the chrome ore market.

[Ferro-Alloys.com]China Customs data saw that China’s import volume of chrome ore in March totaled 0.868 million tonnes, increasing by 36% from the previous month.

The correction in the global commodity cycle shouldn’t derail investors’ search for new exploration frontiers in sub-Saharan Africa (SSA), given the region’s high-quality mining and metal assets, and still-growing steel demand in China. In any case, efforts...

[Ferro-Alloys.com]Chrome ore spot prices kept stable last week while futures prices slipped, especially for Iran chrome ores futures prices, for which a sharp fall was seen.

[Ferro-Alloys.com]Chrome ores prices remained stable last week amid balanced supply & demand condition. Spot prices of chrome ores remained stable last week.

[Ferro-Alloys.com]Domestic demand of chrome ores are increasing as high-carbon ferrochrome producers in South China increased their production rate due to the declining electricity price caused by the arrival of rainy season.

[Ferro-Alloys.com]The production rate of high-carbon ferrochrome in South China kept rising, which will increase the demand for chrome ores.

[Ferro-Alloys.com]Chrome ore market remained stable last week while there was no good news from downstream. South Africa origin chrome ores were still in great demand and the supply remained sufficient in the market.