It is reported that chrome ore market for imports into China has weakened lately with plenty of resources, dull transactions, and Chrome ore stockpiles amounting to some 600,000 tonne at Chinese seaports.
Current prices for various origins are as follows:
Cr:50% India CNY 115-CNY 118
Cr:42% Turkish CNY 110-CNY 120
Cr:44% South Africa CNY80- CNY 82
Traders' offer price for imported chrome ore are witnessing a downward trend at the moment, but that for high grade chrome ore remains strong. The offer price for low grade chrome ore experienced a slump recently but is now stable.
The Chinese import market is maintaining its sluggishness as a result of the weak down-stream chrome-series alloy and stainless steel markets. The transaction price has declined despite high offer prices for high-grade ore. The Chinese steel website, Mysteel, predicts that the imported chrome ore market would continue weakening in near future with slack transactions.
Source Mysteel via SteelGuru
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