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The chrome ore market was stable in China

Time:Tue, 07 Mar 2023 12:11:48 +0800

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On March 7, the chrome ore market was running smoothly in China, with South Africa's 40-42% refined powder spot in Tianjin Por at 56-57 yuan/dmtu, and futures at 2950-305 dollars/ton. Turkey 46-48% refined powder was 370-380 dollars/ton for futures. 

At the beginning of the week, the market fluctuation of chrome ore was limited. The inquiries from the downstream ferrochrome works were still available. The actual purchase was more cautious, and the purchase was mainly based on demand. The futures market continues to operate at high levels, and the market is waiting for bids from mainstream large mines. It is expected that the market price of chrome ore will be mainly strong against the background of tight supply of chrome ore.

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