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[Ferro-Alloys.com]Spot prices of chrome ores kept steady in China last week, while futures prices tended to be weak. As Chinese Spring Festival gets nearer, some chrome ore traders lowered their futures prices. Meanwhile, according to the data from China Customs, China imported 721137 tonnes of chrome ore in Dec 2014 and China’s imported chrome ore totaled 9385255 tonnes, which decreased by about 2.7 million tonnes. According to the current situation, China’s annual imported chrome ore could hardly reach 12 million tonnes like 2013 in the coming years.

 

Spot prices of chrome ores remained weak last week. South Africa chrome ore concentrate 40-42% and 44% were mainly quoted at rmb28.5-30/mtu and rmb30-31/mtu, and lumpy 38% at rmb34-35/mtu; 42% Turkey lumpy at rmb45-46/mtu, concentrate 46-48% at rmb44-45/mtu; Iran lumpy 42% and Pakistan lumpy 42% were quoted at rmb44-45/mtu and Albania lumpy 42% at rmb46-47/mtu; Oman lumpy 32% and 38% were quoted at rmb33-35/mtu and rmb41-42/mtu. 

 

South Africa origin chrome ore 40-42% concentrate and 44% concentrate, 36-38% lumpy were mainly quoted at $155-160/t, $170-175/t and $160-165/t respectively. Turkey origin 42% lumpy and 46-48% concentrate were quoted at $250-255/t and $265-270/t. Iran 42% lumpy and Pakistan 42% lumpy were quoted at $240-245/t and $255-260/t. Oman 38% lumpy, 32-34% lumpy and 30-32% lumpy were mainly quoted at $185-190/t, $150-155/t and $130-135/t respectively.

 

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