On July 23rd, the internal and external prices of chromite remained unchanged. In recent days, both the external market and the spot market for chromite have been dominated by chromite merchants maintaining their quotations. The chromite market has been operating steadily.

For the chromium ore suppliers, especially those in Tianjin Port, there are many quotations from the ports. However, the actual willingness to ship the ore is not high. Firstly, the cost of the incoming chromium ore at the port is currently at a relatively high level. Under the pressure of costs, the chromium ore suppliers only maintain normal quotation prices and have no intention of compromising and selling at a lower price.

The chromium ore futures market: The price of chromium ore futures in South Africa remains stable. Even though other major chromium ore suppliers have experienced poor sales in recent times, there is no sign of price reduction. Currently, the futures market maintains a stable state.

The downstream alloy factories have not been very active in spot purchases recently. However, the consumption of chromium ore remains at a high level. Additionally, foreign merchants are willing to control the sales volume. As a result, it is difficult for the port inventory of chromium ore to increase. Therefore, the short-term market trading atmosphere is rather dull, but this has not affected the willingness of chromium ore merchants to maintain the price.

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From Iron Alloy Online