Chrome Ore Prices Climb at Tianjin Port
The spot price of run-of-mine (ROM) chrome ore at Tianjin Port edged up by 0.5 CNY/dmtu, reflecting a firming market trend. In parallel, the latest long-term contract price for South African chrome ore concentrate (40-42%) was announced at $267/ton CIF China, marking a $2 increase from last week. Spot market activity followed suit, with port-side prices rising to 55 CNY/dmtu.
Ferrochrome Prices Stable with Strong Cost Support
Meanwhile, high-carbon ferrochrome prices remain stable, supported by the gradual rise in chrome ore costs. After a modest uptick, ferrochrome is currently trading within a narrow but strong price band. Retail availability in Inner Mongolia is limited, and although regional pricing shows slight variations, overall offers remain elevated.
Additionally, imported ferrochrome, especially from Zimbabwe, is drawing attention due to its cost competitiveness, triggering active inquiries from buyers.
