South Africa's price of chrome ore has rebounded slightly

In terms of spot prices, the price of chrome ore has rebounded slightly in China, but the inquiries from ferrochrome factories are not high. The high price of chrome ore limits the purchasing enthusiasm of ferrochrome factories. In terms of futures, the long-term contract price of a large mine in South Africa has increased by $5/ton to $308/ton. There is a certain possibility of follow-up in spot prices, but the overall market transaction is relatively flat due to the high price. It is expected that ferrochrome factories will need some time to accept further strengthening of raw material prices, and the short-term price of chrome ore will remain stable and strong.