[Ferro-Alloys.com]This week the chrome ores spot price continued to decline for the poor purchase from FeCr enterprises. Under the condition that large FeCr manufactures gradually release their capacity and the foreign exporters enlarged the exports volume of FeCr, the FeCr price in Chinese market was difficult to recover and might even slipped down further. Under this circumstance, Cr ores price was also hard to be stable. Medium and small factories and traders might suffer harsh reshuffle.

In spot market, some mines declined as Cr ore from South Africa with Cr 40-42% at RMB29-31/mtu while Cr 36-38% lumps at RMB35-36/mtu; Cr 42% lumps from Turkey was RMB48-49/mtu and Cr 46-48% powders was RMB45-46/mtu; meanwhile, all Cr 42% lumps from Iran, Pakistan and Albania declined by RMB1 to RMB48-49/mtu.

In future market of Cr ores，the price basically stayed stable as chrome ore from South Africa with Cr 40-42% powders was USD180-185/mt while Cr 44% at USD190-195/mt and Cr 36-38% lumps at USD170-175/mt; Cr 42% lumps from Turkey was USD270-280/mt while Cr 46-48% powders at USD285-290/mt; Cr 42% from Iran decreased to USD255-260/mt; Cr42% lumps from Pakistan at USD270-275/mt; Cr38% lumps from Oman at USD190-200/mt while Cr 32-34% lumps at USD150-155/mt and Cr 30-32% lumps at USD130-135/mt.

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• [Editor:Juan]