The chrome ore prices remained stable

After the festival, the price of high carbon ferrochromium remained stable. The price is about 11200-11500 yuan/ ton 50% Cr in China. Although the factory quotation was high, the traders were relatively cautious in operation, and the supply and demand were in a weak situation. The bidding price of special steel plant was still ideal, but the bidding expectation of stainless steel plants may not be very optimistic.

Today, the chrome ore prices remained stable after the festival. The price of South African chrome concentrate 40-42% is about 29-30 yuan/dmtu, and the future price is about 165 USD/mt CIF China. The price of Turkey chrome ore concentrate 46-48% is about 310-315 USD/mt CIF.