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The future quotation of Albanian chromium ore lumps increased

Time:Fri, 26 Feb 2021 15:45:28 +0800

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Today, the domestic high carbon ferrochrome price has not been adjusted in China, maintaining a high and firm operation. At present, Inner Mongolia smelting cost of factories is bound to increase. At the same time, with the increase of power restriction in March, the output of ferrochrome will be affected again. Although the output of other regions has increased, it is still difficult to make up for the market supply gap. The bidding for large steel plants in March will be opened next week. In view of the favorable support of chromium market, the quotation of the plants will continue to rise. 

Today, the future quotation of chromium ore lumps in Albania was raised by 15 US dollars / ton CIF. Among them, 40-42% lump ore quoted 255-265 US dollars / ton CIF, 38-40% lump ore quoted 235-245 US dollars / ton CIF. The alloy prices continue to pull up, chrome ore prices also rise. In particular, we are optimistic about the favorable support of the domestic chromium market, foreign chromium ore suppliers are in high spirits, and some high quotation chromium ore futures have been traded.

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