The chrome ore market is operating steadily

The chrome ore market is operating steadily, and currently, some ferrochrome plants are experiencing production reduction and maintenance operations. Coupled with high chrome ore prices, procurement costs are high, and ferrochrome plants are purchasing raw materials at lower prices. But the chrome ore futures are priced at a high level. In terms of spot chrome ore resources, they are concentrated in the hands of a few large traders. In addition, due to the strong futures prices, the cost of buying goods by traders is relatively high. Coupled with the recent rise in the US dollar to Chinese yuan exchange rate, spot traders are offering higher prices. In the short term, during the upstream and downstream game, prices tend to remain stable.