[Ferro-Alloys.com]Chrome ore market remained stable last week while there was no good news from downstream. South Africa origin chrome ores were still in great demand and the supply remained sufficient in the market. Chrome ores import volume would improve with the arrival of rainy season in South China, which would increase the local high-carbon production rate. The chrome ores prices might keep stable as the major stainless steel producers failed to increase their tender prices in April.

 

Spot prices of chrome ores remained stable last week. South Africa chrome ore concentrate 40-42% and 44% were mainly quoted at rmb29-30/mtu and rmb31-32/mtu, and lumpy 38% at rmb34-35/mtu; 42% Turkey lumpy at rmb45-46/mtu, concentrate 46-48% at rmb44-45/mtu; Iran lumpy 42% and Pakistan lumpy 42% were quoted at rmb44-45/mtu, Pakistan lumpy 42% were quoted at rmb43-44/mtu and Albania lumpy 42% at rmb46-47/mtu; Oman lumpy 32% and 38% were quoted at rmb33-35/mtu and rmb41-42/mtu. 

 

Futures prices of South Africa origin chrome ore 40-42%,concentrate, 44% concentrate and 36-38% lumpy were mainly quoted at $155-160/t, $170-175/t and $160-165/t respectively. Turkey origin 42% lumpy and 46-48% concentrate were quoted at $235-240/t and $260-265/t. Iran 42% lumpy and Pakistan 42% lumpy were quoted at $235-240/t and $240-245/t. Oman 38% lumpy, 32-34% lumpy and 30-32% lumpy were mainly quoted at $185-190/t, $150-155/t and $130-135/t respectively.

 

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