Chrome ore market prices and analysis
As of May 26, Shipment data showed that 681,000 mt of Chrome Ore to China was from South Africa, which is a 23% decline from the previous month. As a result of recent flooding in KwaZulu-Natal, the quantity of Chrome Ore leaving the ports of Durban and Richards Bay has declined significantly. Hence, the most significant portion of exported Chrome Ore was from the port in Maputo. In addition, the delivery time for container vessels from South Africa to China has increased significantly. The average shipping time is 31 days, an increase of 143% compared with April.