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At present, there are continuous transactions in the market, and the futures and spot prices are very strong. The spot resources continue to be tight in China. Supported by the rise of transaction prices, traders are not urgent to sell and temporarily maintain the wait-and-see attitude.
The downstream demand inquiry is positive. However, the recent epidemic has affected the main producing areas of ferrochrome. Some ferrochrome mills said that it is difficult to transport chrome ore from port to factory. If the raw material inventory is consumed, it may reduce production in the later stage. The current arrival of chrome ore in China is still limited, and it is expected that the chrome ore market will be dominated by strong operation in the short term.