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The traders are optimistic about the chrome ore market

Time:Mon, 18 Apr 2022 15:51:17 +0800

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Today, the transaction price of ferrochrome increased by 100-200 yuan / ton in China. The ferrochrome market has moved up slowly, and the price support mentality of port chrome ore traders has become more prominent. 

At present, the chrome ore market is running well as a whole, the spot supply of refined powder in South Africa continues to be tight. Coupled with the delay of shipment in South Africa and the intensification of market supply tension, traders are not active in the shipment and partially maintain a wait-and-see situation. Due to the increase of ferrochrome operating rate in the downstream, there is still demand for chrome ore.

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