FeCr price dropped by RMB50/mtu in June. Considering the high costs pressure, suppliers had to reduce the storage for raw materials. The transaction of chrome ore was not that active.

Stocks of Cr ores were about 2.4-2.6millon mt in May and it fell by 10,000mt compared with previous month,

Under this weak condition, the chrome ores traders had to cut down the import volume. In the first four months of 2014, the total import of Cr ores declined by 9.5% year on year.

In recent two weeks, the Turkey chrome ores price kept firm. On-going strikes in South African platinum sector largely reduced the UG2 production.

This week, spot and futures price of ferrochrome kept stable temporarily in China.

[Ferro-Alloys.com] In China, the spot market of chrome ore was generally stable although demand of Turkish and Indian Cr powders had been increasing during the past few days.

According to the statistics of the Customs, China import 1,015,670 tons chrome ores in Apr., up by 17% month on month

This week the South African chrome ores future price rose by USD5-10/mt while the spot price increased by RMB0.5-1/mtu.