As the demand for chrome ore is scare, with few transactions and a high inventory. At the same time, Taiyuan Iron & Steel Co., Ltd. set the purchase price of high-carbon ferrochrome at 8200yuan/mt, which made the market worse. Some chrome ore holders are so anxious to cut the price for a sale. The current market prices are in confusion.

    It’s learned that some traders has a high inventory of chrome ore, so they are anxious to sell them, facing rapid decline, even cut the price. Other traders said that prices are now close to the cost, it’s a great loss to cut the prices to sell, so they do not intend to cut prices. There is a big gap between chrome ore market price and the actual transaction price, and market quotations are in confusion. It’s said that Turkey 42% lump ore are sold at 61yuan /mt, and which is 6-9yuan /mt lower than the mainstream offer.