Chromium ore market is stable at present, with weak transactions and few enquiries. Most traders are worried about chromium ore after-market.

   Ferrochromium market is weak, with depressing demand and troubles in transactions. Some manufacturers are considering to stop or reduce production because of the rise of cost caused by electricity price adjustment. In addition, chromium ore inventories increased early days, so most ferrochromium manufacturers has no intention to purchase, which makes chromium ore demand reduce significantly. Some chromium ore traders can’t bear the pressure, so they are anxious to sell storage, which makes the price slightly drop. While, it doesn’t work, and there are still few enquiries and transactions.

   Currently, chromium fob mainstream quotation price for 42% in South Africa powder is 50-53yuan/mt, 50% powder in India is 65-68yuan/mt,  42% powder in Turkey is 74-78yuan/mt.