The chrome ore prices have remained strong and improving
Time:Wed, 27 Mar 2024 09:17:21 +0800
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In terms of supply and demand, the arrival volume of chrome ore has declined in China, and the ferrochrome factories have started stocking up raw materials for production in May. Coupled with the increase in long-term contract ferrochrome prices and market retail prices, some have gradually started production and resumed production, and chrome ore prices have remained strong and improving. The offshore exchange rate of the Chinese yuan has risen, shipping costs have increased, and import costs have strengthened. In terms of futures, as the price of futures of South African chrome ore rose yesterday, other countries also rose 5-10 dollars/ton today.
