[ferro-alloys.com] The chrome ore still maintained the low stable trend until the middle of August. So far, the spot transaction was quite difficult.With the purchase price published from steel mills, the ore dealers had no enough confidence for the future market and kept the wait-and-see attitude.A certain dealer said that the port inventory was much. Some dealers only purchased a little and the transaction price was lower the quotation. So they hardly got profit from it. He also indicated that so far the lump chrome ore price kept stable, the small part concentrate ore price declined slightly.

 

The chrome ore mainstream quotation was as following. Turkey 46-48% concentrate ore was declined at RMB45-45.5 yuan/mtu (USD7.37-7.45/mtu,) and the foreign quotation was USD180-185/mtu. Turkey 42% lump ore was RMB 47-48yuan/mtu (USD7.7-7.8/mtu,) and the foreign quotation was USD265-270/mtu. The South Africa 44% concentrate ore was RMB30/mtu(USD4.9/mtu,) and the foreign offer was USD175-185/mtu. The South Africa 42% concentrate ore was RMB27-27.5/mtu(USD4.4-4.5/mtu,) and the foreign offer was USD155-160/mtu.

 

At present the port spot inventory had no greatly change. Due to the weak ferrochrome market, the spot supply was more than the market demand and the downstream purchasers were cautious about the high price goods sources, so the market were more favorable to the buyers. Although the nickel and stainless steel price was improved in the August, the ferrochrome price still maintained the low position. Besides the main stainless steel Sep. purchase price also was not enhanced for the HC ferrochrome. It was expected that the chrome ore price would the low stable trend in the short time.