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On February 16, the chrome ore market was slightly weak. The spot price of chrome ore lumps in Tianjin Port dropped by 1 yuan/dmtu, and the price of 40-42% lump ore was 64-65 yuan/dmtu.
Recently, the market inquiry and purchase of chrome ore are more cautious. Most of them are just in buying of demand, and some traders sell goods at a discount, which to some extent has slightly lowered the market price. In January, the shipment of chrome ore recovered slightly. It is expected that the number of arrivals will increase within the month to alleviate the shortage of chrome ore market. However, the current rainstorm in South Africa will affect the inland transportation of local chrome ore, and the performance of the number of arrivals will be followed.