Chinese chrome ore prices keep firm
2024-03-26 08:31:11 [Print]
BEIJING (Asian Metal) 26 Mar 24 – Most Chinese chrome ore sellers kept prices firm this week after lifted prices last week. The mainstream prices of Zimbabwean chrome concentrate 48%min and Turkish chrome concentrate 46%min stand at RMB65.5-66.5/dmtu (USD9.1-9.2/dmtu) and RMB73-74/dmtu (USD10.1-10.3/dmtu) respectively in Tianjin port, stable from late last week. Given that most sellers have no intention to adjust prices, insiders predict that the mainstream prices of chrome ore in Chinese market would keep firm within this week.
A trader in Jiangsu noted that they quoted RMB66/dmtu (USD9.14/dmtu) in Tianjin port for Zimbabwean concentrate 46%min this week with no concessions, stable from early last week. "We did not receive any inquiry today and sold about 1,000t at RMB66/dmtu (USD9.14/dmtu) early last week", said the trader, who would keep price firm this week and predict that the mainstream prices of chrome ore in Chinese market would keep firm within this week.
The trader, with a regular monthly sales volume about 2,000t of chrome ore, would sell about 2,000t in March, stable from last month. They hold about 1,000t of stocks at the moment.
"We quoted RMB74/dmtu (USD10.3/dmtu) for Turkish chrome concentrate 46%min in Tianjin port this week, while could consider RMB73/dmtu (USD10.1/dmtu) for firm bids, stable from early last week", another trader in Zhejiang noted. They sold about 300t at RMB73/dmtu (USD10.1/dmtu) late last week. Considering that most buyers hold back from purchasing at the moment, they anticipate that the mainstream prices of chrome ore in Chinese market would keep stable within this week.
On basis of a regular monthly trading volume about 2,000t of chrome ore, would sell about 1,000t in March, almost stable from last month. They hold about 700t of stocks presently.
A trader in Jiangsu noted that they quoted RMB66/dmtu (USD9.14/dmtu) in Tianjin port for Zimbabwean concentrate 46%min this week with no concessions, stable from early last week. "We did not receive any inquiry today and sold about 1,000t at RMB66/dmtu (USD9.14/dmtu) early last week", said the trader, who would keep price firm this week and predict that the mainstream prices of chrome ore in Chinese market would keep firm within this week.
The trader, with a regular monthly sales volume about 2,000t of chrome ore, would sell about 2,000t in March, stable from last month. They hold about 1,000t of stocks at the moment.
"We quoted RMB74/dmtu (USD10.3/dmtu) for Turkish chrome concentrate 46%min in Tianjin port this week, while could consider RMB73/dmtu (USD10.1/dmtu) for firm bids, stable from early last week", another trader in Zhejiang noted. They sold about 300t at RMB73/dmtu (USD10.1/dmtu) late last week. Considering that most buyers hold back from purchasing at the moment, they anticipate that the mainstream prices of chrome ore in Chinese market would keep stable within this week.
On basis of a regular monthly trading volume about 2,000t of chrome ore, would sell about 1,000t in March, almost stable from last month. They hold about 700t of stocks presently.
