China: Chrome Ore Prices Unchanged Despite Increased Ferro Chrome Prices
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The overseas and domestic price of chrome ore is stable with limited deals concluded. Though the retail price of Ferro Chrome is still inching up, actual purchase in the spot market is inadequate owing to the flat tender prices by iconic stainless steel mills affecting other big mills to remain in a wait-and-watch mode, while small-sized mills already secured enough stock for short term consumption. Therefore, the upward trend of chrome ore lacks supporting ground for the moment. According to the estimates from one South African supplier, the lockdown effective may extend for another 14days. It is expected that unless there is new development confirmed on the lifting of lockdown in South Africa, the market in China will stay quiet and stable.
Price by overseas suppliers:
Affected by the ongoing pandemic, there is no update on offers from South Africa.
| Origin | Grade (Cr2O3) | Mainstream offers (USD/dmtu CIF China main ports) | Mainstream closed (USD/dmtu CIF China main ports) | Transactional spot price today at China ports (RMB/dmtu) | Transactional Spot price yesterday at China ports (RMB/dmtu) |
| RSA | 42-44% concs | 140-145 (Bulk) | 140-142 | 29-30 | 29-30 |
| 40-42% concs | 115-120 (Bulk) | 113-115 | 27-28 | 27-28 | |
| 36-38% lumps | 125-130 | 120-125 | 32-33 | 32-33 | |
| Pakistan | 40-42% lumps | 185-190 | 175-180 | 42-43 | 42-43 |
| Oman | 30-32% lumps | 115-125 | 110-120 | 31-32 | 31-32 |
| Turkey | 46-48% concs | 220-225 | 200-205 | 39-40 | 39-40 |
| Turkey | 40-42% lumps | 195-200 | 190-195 | 42-43 | 42-43 |
| Iran | 40-42% lumps | 180-185 | 175-180 | 42-43 | 42-43 |
| Albania | 40-42% lumps | 215-220 | 210-215 | 43-44 | 43-44 |
| Albania | 38-40% lumps | 195-200 | 190-195 | 41-42 | 41-42 |
| Madagascar | 46-48% concs | 175-180 | 170-175 | - | - |
| Madagascar | 38-40% lumps | 150-155 | 145-150 | - | - |
| Zimbabwe | 48-50% concs | 190-200 | 180-190 | 32.5-33 | 32.5-33 |
