The purchase demand of chrome ore is still stable
Time:Thu, 16 Mar 2023 09:29:16 +0800
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At present, the purchase demand of ferrochrome plants is still stable, the spot market of chrome ore is mainly stable. The transaction price of 38-40% chrme ore ROM in South Africa is 275 US dollars/ton, while the South African refined powder futures have not been traded yet, and the market is mostly waiting for bids from large mines.
Supported by the holding cost of chrome ore traders, it is expected that the market price of chrome ore will be stable in the short term.
