[Ferro-Alloys.com]In recent week the chrome ores spot price stayed stable while the trading stalemate as the buyers tried to cut down the Cr ores price while the sellers held the price for the high cost. In spot market, 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.

For futures price, most of the mines went down by USD5/mt as chrome ore from South Africa with Cr 40-42% powders was USD180-185/mt while Cr 44% at USD188-190/mt and Cr 36-38% lumps at USD170-175/mt; Cr 42% lumps from Turkey was USD270-275/mt while Cr 46-48% powders at USD285-286/mt; Cr 42% from Iran was USD250-260/mt; Cr42% lumps from Pakistan at USD265-270/mt; Cr38% lumps from Oman at USD190-195/mt while Cr 32-34% lumps at USD150-155/mt and Cr 30-32% lumps at USD130-135/mt.

The long-term weak condition of FeCr market made the miners had to reduce the price to promote the sales and release the fund pressure.

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• [Editor:Juan]