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Today, the chrome ore market is temporarily stable. Recently, the overall confidence in the chrome ore market is insufficient, and market procurement inquiries are relatively not active. The market is also waiting for the steel plants' bidding in November. A new round of chrome ore futures has been reported flat, and the pessimistic confidence in the chrome ore market has stabilized. On October 22nd, the South African 40-42% chrome concentrate futures offer price at Tianjin Port was $270/ton, unchanged from October 15th, with a chrome / iron ratio of 1.3 and a shipping date before December 15th.
The overall price of chrome ore has stabilized within the day, and the mainstream chrome ore price has not yet dropped to the target level of ferrochrome factories. It is expected that the price of chrome ore will remain stable temporarily.