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Chinese chrome ore import market weakens
Contact nowIt is reported that chrome ore import market weakens lately with plenty of resources and dull transactions. And Chrome ore stockpiles amount to some 600,000 tonne at seaports.
| Grade | Destination | Price |
| Cr:50% | India | CNY 115-CNY 118 |
| Cr:42% | Turkish | CNY 110-CNY 120 |
| Cr:44% | South Africa | CNY 80-CNY 82 |
Traders' offer price for imported chrome ore witnesses downtrend at the moment, but that for high grade chrome ore remains strong. Offer price for low grade chrome ore experienced a slump in earlier period and now keeps stable.
Chrome ore import market maintains sluggish at the moment as a result of the weak down stream chrome-series alloy and stainless steel market
Transaction price has declined despite the high offer prices for high-grade ore. And Mysteel predicts that imported chrome ore market would continue weakening in near future with slack transactions.
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