Because the market is thin, without many transactions, chromium fob price dropped by 1-2yuan RMB/mt from the beginning of this week. At present, Turkey 42%lump ore market mainstream price is 75-78 yuan RMB/mt, while in Iron, 74-77yuan RMB/mt. South Africa 42% fine chromium ore mainstream price is about 51-53yuan RMB/mt, while in India 50% fine chromium ore at 65-68yuan RMB/mt, Turkey48% at 63-66yuan RMB/mt, South Africa 38% lump chromium ore 64-68yuan/mt.

  Recently, chromium ore fob market is gloomy, with few transactions and weak downstream demand. Most participants are waiting and seeing. Some traders said, they are active to ship out, and some of them even cut the offer, but transactions are still not so good. Downstream ferrochromium enterprises are worried about the aftermarket, so they are not willing to purchase. Some traders stop offering because of the weak market.

  It’s learned that participants are not optimistic to aftermarket because of weak steel market and ferrochromium demand, dropping international chromium ore and ferrochromium prices, and policy pressure from the government, etc.