Chrome Ore Market to Get Better by the Steadiness of Ferrochrome Price

 

[Ferro-Alloys.com]China’s major stainless steel producers, including Tsingshan Group, Baosteel, TISCO and JISCO, released their November’s tender prices for high-carbon ferrochrome in 27-31 October. The prices and purchasing volumes remained the same following October, which terminated the continuous falling of high-carbon ferrochrome price since the beginning of 2014 and also seemed to be a good sign for the chrome ore market.

 

The spot prices for high-carbon ferrochrome remained stable last week. South Africa chrome ore concentrate 40-42% and 44% were mainly quoted at rmb29.5-30.5/mtu and rmb31-32/mtu, and lumpy 38% at rmb35-36/mtu; 42% Turkey lumpy at rmb47-48/mtu, concentrate 46-48% at rmb44-45/mtu; Iran lumpy 42%, Pakistan lumpy 42% and Albania lumpy 42% were quoted at rmb47-48/mtu; Oman lumpy 32% and 38% were quoted at rmb33-35/mtu and rmb41-42/mtu. Meanwhile, futures prices for chromes kept steady last week. South Africa origin chrome ore 40-42% concentrate and 44% concentrate, 36-38% lumpy were mainly quoted at $176-180/t, $188-190/t and $170-175/t respectively. Turkey origin 42% lumpy and 46-48% concentrate were quoted at $265-270/t and $275-280/t. Iran 42% lumpy and Pakistan 42% lumpy were quoted at $250-255/t and $260-265/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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