This week the prices of spot chrome ore kept stable as follows chrome ore from South Africa with Cr 40-42% at RMB29.5-31.5/mtu while Cr 44% at RMB31.5-32.5/mtu

In July, most of the Chinese stainless steel mills cut the bidding price for ferrochrome and also altered the payment items about the payment cycle, which impelled ferrochrome producers to hesitate for chrome ore purchase. However, the stockpiles on the Chines...

This week the South African chrome ores concentrates future price rose slightly while other mines stayed stable. As the downstream demand was not well, the traders were cautious for the imports. In the first 5 months, the total chrome ores imports were 4.23mil...

FeCr price dropped by RMB50/mtu in June. Considering the high costs pressure, suppliers had to reduce the storage for raw materials. The transaction of chrome ore was not that active.

Stocks of Cr ores were about 2.4-2.6millon mt in May and it fell by 10,000mt compared with previous month,

Under this weak condition, the chrome ores traders had to cut down the import volume. In the first four months of 2014, the total import of Cr ores declined by 9.5% year on year.

In recent two weeks, the Turkey chrome ores price kept firm. On-going strikes in South African platinum sector largely reduced the UG2 production.

This week, spot and futures price of ferrochrome kept stable temporarily in China.