Domestic chromium ore demand remains depressing, at the same time chromium ore outvol offer went down, so port chrome ore market prices are in confusion, with few transactions. While, recently inquiries has increased than the previous stage, so traders become more confident.
It is reported that inquiries for the traders began to increase recently, mainly because ferrochromium factory has almost run out of their inventory. Though market demand is weak, there is still some demand. Because current transaction price of chrome ore is already relatively low, some manufacturers want to take this opportunity to purchase some chromium ore for production later. In addition, TISCO 3 tons of purchases in July stimulate the market . Currently, mainstream price of 42% of South Africa is 47-49yuan / mt; 50% of India powder is 62-64 yuan / mt; mainstream price of Turkey 48% powder is 61-63yuan / mt.
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