According to the statistics of the Customs, China import 1,015,670 tons chrome ores in Apr., up by 17% month on month

This week the South African chrome ores future price rose by USD5-10/mt while the spot price increased by RMB0.5-1/mtu.

At the end of May, the ferrochrome price kept stable, waiting for the new round of purchasing from steel mills. Now the mainstream price of high carbon ferrochrome was RMB6,500/mt.

On the 11th China Ferro-alloys International Conference, Cao Wenquan, the China Chief Representative of Yildirim Group said, the chrome ores price would turn firm from Q3, 2014.

After slightly declined in last week, the import ferrochrome price of South Africa and Indian turned stable

Philippe Richard said, affected by the rising demand of the stainless steel, in 2014, China’s FeCr output would continue to go up while the growth rate would slow down.

According to the statistics of Macquarie, in 2013, stainless steel (SS) production was 38.6million tons, rising by 7.8% year on year

This week the high carbon ferrochrome price decreased by RMBXX/mt to RMBxx/mt (ex-works price with tax). The surplus supply and the weak demand made the FeCr market hard to be changed in short term.