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The chrome ore market maintained stable operation

Time:Tue, 17 Jan 2023 10:52:33 +0800

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The chrome ore market maintained stable operation on January 17, with South Africa 40-42% refined powder spot at Tianjin Port of 52-53 yuan/ton, and futures of 280-285 dollars/ton. In Turkey, the price of 46-48% concentrate is 350-360 dollars/ton for futures. 

The current chrome ore market operation is not active, and the volume of chrome ore arriving at the port in the later stage is small, and the operating efficiency of South African ports is low. The spot resources of chrome ore tend to be tight in China, and the traders maintain a high price trend. As the Spring Festival holiday approaches in China, the market inquiry is weak, waiting for the recovery of market demand after the holiday.

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