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On December 7, the chrome ore market rose slightly in China, with the price of 40-42% South Africa's chrome ore concentrate in Tianjin Port being 45.5-46 yuan/dmtu, and futures being 230-235 dollars/ton. The price of 46-48% Turkey's chrome ore concentrate is 57-58 yuan/dmtu on spot and 320 dollars/ton for futures.
At present, the chrome ore market is supported by the demand, and the transaction is ideal. Some of the traders wait for the price increase before shipping. At present, South Africa's power rationing is still strict, and South Africa's shipping efficiency has gradually recovered. In terms of future market, the current transaction price of 40-42% chrome concentrate futures of a large mine in South Africa is 230 US dollars/ton, which is rising significantly, boosting the spot market price.