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The chrome ore market rose slightly in China

Time:Fri, 09 Dec 2022 12:08:44 +0800

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On December 9, the chrome ore market rose slightly, with 40-42% of South Africa's refined powder in Tianjin Port being 46-47 yuan/dmtu, and futures being 230-240 dollars/ton, an increase of 5 dollars/ton. The price of 46-48% Turkey's chrome concentrate is 57-58 yuan/dmtu on spot and 320-330 dollars/ton for futures, an increase of 5 dollars/ton. 

South Africa has six levels of power rationing, which has affected the production of chrome ores. However, the duration of the power rationing is uncertain, so the impact is uncertain. In addition, the shipment from South Africa is blocked, and the supply of chrome ore is expected to decrease. At present, the inquiry and purchase in the chrome ore market are more active, and the businessmen are not willing to ship goods at low prices. It is expected that the market price of chrome ore will rise steadily in the short term.

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