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China's inventory of chrome ore increased sharply this week

Time:Fri, 06 Sep 2024 08:22:39 +0800

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On September 6th, the total inventory of chrome ore in China was 2.476 million tons, an increase of 351,000 tons compared to last week. Among them, the inventory of chrome ore of South Africa was 1.993 million tons, accounting for 80% of the total inventory, a decrease of 2% compared to last week. Türkiye's chrome ore inventory was 48,000 tons, and Zimbabwe's chrome ore inventory was 62,000 tons. This week, the arrival volume of chrome ore at the port has increased significantly, but market transactions are affected by poor downstream demand, and it is expected that the short-term chrome ore prices will mainly operate weakly and steadily. 

The inventory at Tianjin Port was 1.95 million tons, an increase of 333,000 tons from last week. The inventory of South African chrome ore at Tianjin Port was 1.513 million tons, accounting for 78% of Tianjin Port's inventory, a decrease of 1% compared to last week.

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