Chinese chrome ore prices keep stable
2024-04-25 08:13:48 [Print]
BEIJING (Asian Metal) 25 Apr 24 - Most buyers purchase regularly presently, and most chrome ore sellers keep prices stable this week. The current mainstream prices of Zimbabwean chrome concentrate 48%min Cr/Fe 1.8%min stand at RMB65-66/dmtu (USD8.95-9.09/dmtu) D/P in Tianjin port, stable from early last week. Given that most sellers have no intention to adjust prices, insiders predict that the mainstream prices of Chinese chrome ore would keep flat in the coming week.
A trader in Jiangsu notes that they quote RMB63/dmtu (USD8.68/dmtu) D/P in Tianjin port for Zimbabwean chrome concentrate 47%min Cr/Fe 1.5%min today and would like to sell at RMB62.5/dmtu (USD8.61/dmtu) for firm bids, stable from early last week. "We sold about 1,000t of chrome concentrate 47%min Cr/Fe 1.5%min at RMB62.5/dmtu (USD8.61/dmtu) early this week, while we sold about 500t of chrome concentrate 48.5%min Cr/Fe 1.7%min at RMB64.5/dmtu (USD8.88/dmtu) late last week. They have no intention to adjust prices and predict that the mainstream prices of Chinese chrome ore would keep flat in the coming week.
On basis of a regular monthly sales volume about 2,000t of chrome ore, the trader would sell about 2,000t in April, stable from last month. They sold about 10,000t till now in 2024. They hold about 500t of stocks at the moment.
A consumer in Shanxi mentions that the quotation for Zimbabwean chrome concentrate 49%min Cr/Fe 1.9%min they received in the past two weeks kept stable at RMB65/dmtu (USD8.95/dmtu) D/P in Tianjin port. "We purchased about 1,000t of Zimbabwean chrome concentrate 49%min Cr/Fe 1.9%min at RMB65/dmtu (USD8.95/dmtu) early this week, and we purchased about 1,000t at the same price early last week", said the consumer, who anticipates that the mainstream prices of Chinese chrome ore would keep stable in the week to come.
The consumer, with an annual consumption capacity of 45,000t of chrome ore, would consume about 3,500t in April, almost identical to last month. They consumed about 14,000t so for in 2024. They hold an inventory of about 2,000t presently, stable MoM.
A trader in Jiangsu notes that they quote RMB63/dmtu (USD8.68/dmtu) D/P in Tianjin port for Zimbabwean chrome concentrate 47%min Cr/Fe 1.5%min today and would like to sell at RMB62.5/dmtu (USD8.61/dmtu) for firm bids, stable from early last week. "We sold about 1,000t of chrome concentrate 47%min Cr/Fe 1.5%min at RMB62.5/dmtu (USD8.61/dmtu) early this week, while we sold about 500t of chrome concentrate 48.5%min Cr/Fe 1.7%min at RMB64.5/dmtu (USD8.88/dmtu) late last week. They have no intention to adjust prices and predict that the mainstream prices of Chinese chrome ore would keep flat in the coming week.
On basis of a regular monthly sales volume about 2,000t of chrome ore, the trader would sell about 2,000t in April, stable from last month. They sold about 10,000t till now in 2024. They hold about 500t of stocks at the moment.
A consumer in Shanxi mentions that the quotation for Zimbabwean chrome concentrate 49%min Cr/Fe 1.9%min they received in the past two weeks kept stable at RMB65/dmtu (USD8.95/dmtu) D/P in Tianjin port. "We purchased about 1,000t of Zimbabwean chrome concentrate 49%min Cr/Fe 1.9%min at RMB65/dmtu (USD8.95/dmtu) early this week, and we purchased about 1,000t at the same price early last week", said the consumer, who anticipates that the mainstream prices of Chinese chrome ore would keep stable in the week to come.
The consumer, with an annual consumption capacity of 45,000t of chrome ore, would consume about 3,500t in April, almost identical to last month. They consumed about 14,000t so for in 2024. They hold an inventory of about 2,000t presently, stable MoM.
