Recently, chrome product market are in confusion, and demand remained inactive, with extreme few transactions. Enquiries began to increase in chrome ore market, so traders just began to be optimistic, but ferrochrome buyers generally cut ferrochromium ore price at very low level in order to reduce their production costs, because market conditions keeps slumping. While some mine owners want to reduce the price for transactions because of large inventory and turnover of capital and other factors, but the precondition is that their loss can’t be so serious. They would rather wait for the market getting better without selling if the price is too low. Therefore, although there are a lot of market inquiries, few transactions were concluded. Ferrochrome manufacturers and chrome ore factories are in game.
According to some chrome ore traders, chrome ore market has basically hit bottom now, and there is not much space for the price to fall. While some chromium ore buyers think that the prices will continue declining in near future, so they are not eager to purchase. Current mainstream high carbon ferrochrome price is 8100-8400yuan / mt, medium carbon ferrochrome C200 quoted at 13300-13600 / mt. Chrome ore offers are even more confusing than ferrochrome and there is a big gap between high and low price, part of the mine even can not give quotation price.
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