The Future Expected Prices
Chrome Ore inventory at Chinese ports as reported on 13 May 2022, shows a total decrease in stock of 191,000 mt.
The future expected prices for mines in South Africa continue to rise. However, ferrochrome plants in China have limited acceptance of high prices, so the actual trade of Chrome Ore could be more cautious.
The Chinese port inventory is low, and the miners are unwilling to reduce the quotation due to the difficulty of subsequent arrival at the ports. At present, the spot market is unchanged. Furthermore, due to global uncertainty and weak domestic demand in Chinese manufacturing, spot prices for Chrome Ore remain intact this week.