Statistics relased by Customs in China show that in April China imported 663,000MT of chrome ore, a new monthly record, this despite chrome ore inventories at Lianyun, Shanghai and Tianjin being above 600,000MT.
Overall domestic prices fell over the past week, the main reasons being the off-season for stainless steel and high stocks. www.ferroalloys.com considers the downside for the current chrome market to be no more than 30% and as a key component of stainless steel there will be a later upside.
Report: http://www.ferroalloys.com/
Minerals and metals at www.minerals-and-metals.com
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