Recently, Jinan City clearly put forward the deployment of "promoting the cluster development of high-quality steel and advanced materials industry", and made clear the requirements of "relying on Taishan steel, cultivating stainless steel industry ecosystem".

The prices of tungsten alloy rise slightly;

The prices of molybdenum alloy rebound;

The vanadium market runs smoothly;

The 2105 ferrosilicon contract price on ZCE closed at 6752 yuan per ton on January 29.

The relatively stable market continued to the early stage of January 2021, and the futures market went down from the middle and late January.

A“delicate” balancing act between chrome ore mining and stainless steel production may be under threat as South Africa changes its export tax regime to boost the commodity’s “welfare benefits” and to favour local chrome buyers instead of foreign buyers.

Monthly Report of Chromium Market (1.4-1.29): Chromium prices continue to rise, trading tends to calm.