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Recently, the spot price of Turkey's chrome concentrate has increased by 0.5 yuan/dmtu in China, to 68-69 yuan/dmtu. And on this basis, the port suppliers are willing to sell at a high price. Faced with the domestic market, foreign investors in Turkey's chrome mines had to suspend their offer due to transportation problems.
At present, the situation of the Red Sea has had a serious impact on Turkey's chrome ore transportation. Due to the uncertainty of maritime transportation, Turkey's chrome ore suppliers can only choose a wait-and-see attitude.
At present, the highest quotation for South Africa's 40-42% refined powder can reach 58-59 yuan/dmtu. At the same time, the price of high-grade chrome ore remains high.
On January 5th, the trading price of 40-42% chromium concentrate futures at a large mine in South Africa was 280-284 US dollars/ton in Tianjin Port, with a chromium / iron ratio of 1.3-1.35. The total trading volume was 30,000 tons, and the shipping date was the end of March 2024.