Dull Market of Chrome Ore despite Termination of Declining Price of Ferrochrome

[Ferro-Alloys.com]China’s major stainless steel producers, including Tsingshan Group, Baosteel, TISCO and JISCO, released their November’s tender prices for high-carbon ferrochrome in 27-31 October.

[Ferro-Alloys.com]The stockpile of chrome ore in ports remained at around 2.15 million tons in Oct.1-11. The purchasers from downstream posed no positive attitude to make orders for chrome ore. Meanwhile, traders of chrome ore had no desire to sell. The tender...

Over the same period, Cr ores stock at Chinese main ports constantly recorded low. At the end of July, the total stock had decreased to 2.1million tons, decreasing by 22.2% than that of early Jan..

This week the South African Cr ores spot declined by RMB0.5/mt while others stayed firm. On July, 25th, the total stock was 2.1million tons, hitting a record low once again while the whole trading was not well. Despite of the poor condition of the spot, the fu...

In June 2014, China imported 786.9 thousand tons chrome ores, rising by 14.87% month on mon

As overall operation of FeCr manufacturers was bad, Cr ore transaction was bad. In spot market, chrome ore from South Africa with Cr 40-42% was RMB29.5-31.5/mtu

This week the prices of spot chrome ore kept stable as follows chrome ore from South Africa with Cr 40-42% at RMB29.5-31.5/mtu while Cr 44% at RMB31.5-32.5/mtu