Recently, chromium ore price dropped with few transaction, and after-market is in confusion.

   Because nickel price and stainless steel price dropped, ferrochromium demand is weak. Influenced by above mentioned factors, both chromium mineral FOB price and offer price dropped. The sales was impacted, so enquiries and transactions are not so good, with only price but no sales in the market. Compared with prior period, FOB price dropped 2-4yuan/mt. At present, South Africa 42% ore fines market mainstream price is 54-58yuan/mt, India 50% ore fines mainstream price is 68-72yuan/mt, Turkey 42% ore lumps price is 77-82yuan/mt, Iron and Pakistan 42% ore lumps price is 76-81yuan/mt, Oman 36% ore lumps mainstream price 61-65yuan/mt, South Africa 38% ore lumps mainstream price is 66-71yuan/mt. Although chromium ore offer price dropped because of domestic weak demand, it’s comparatively firm compared with FOB price.

  As port traders said, port chromium ore market is thin recently, and most participants are waiting and seeing, but people’s opinions are different about port chromium ore after-market trend. Some people think that although present ferrochromium market situation are depressing, after-market is optimistic, because international price is firm, and the storage is limited. Chromium ore situation will turn better, as ferrochromium market situation goes well, at the same time, chromium ore offer price is firm, so chromium ore port after-market situation is optimistic. While, in other participants opinion, because of weak stainless steel market and depressing downstream demand, ferrochromium after-market is not so good, and chromium ore after-market will also be impacted.

Generally, chromium ore FOB price and transaction are weak, with after-market in confusion.