Domestic chrome ore price dips quotes confusion

The domestic market price of imported chromium ore fell sharply and the quotation was chaotic. The pressure on the port inventory was relatively high and the transactions were scarce. It is understood that the current domestic high-quality imports of India, Iran, Turkey and other countries, chromium ore prices fell sharply, traders offer more at 80-90 yuan / ton, while India's chromium ore prices are expected to fall below 90 yuan / ton; The price of South African concentrates and Oman fines also fell sharply. At present, most of the quotations are in the range of RMB 40-50/tonne, and the transactions are equally unsmooth.

From the current domestic market for chrome ore imports, due to the weak demand from the downstream and more production from domestic ferrochrome producers, the market price of imported chrome ore has been declining since the last one or two months and the transactions have been deserted. The port traders have expressed their helplessness. , It is expected that prices will show little signs of recovery in the short term and will continue to be weak.