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The chrome ore market as a whole remained strong. The rigid demand support of downstream chrome ore, coupled with the strengthening of the new round of ferrochrome bidding price, boosted the ferrochrome plants to continue to increase the purchase volume. However, the supply of chrome ore remains low, which gradually aggravates the shortage of resources in the spot market, thus supporting the spot market to continue to rise.
The problem of reducing the efficiency of port transportation of chrome ore has not yet been fully recovered, while the downstream inquiry is positive, and the acceptance of high-priced resources is high, pushing up the futures price. The port shipping efficiency caused by the South African workers' strike in the early stage has not been fully restored and South Africa has continued to limit electricity. The offer volume of chromium mines is small, and the acceptance of high-priced goods sources is high.