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[Ferro-Alloys.com] Imported ferrochrome market was under much pressure in China as innder ferrochrome market weakened continuously. However, the Indian suppliers see up for the future market due to termination of some chrome, iron, and manganese exploitations.

[Ferro-Alloys.com] In China, the spot market of chrome ore was generally stable although demand of Turkish and Indian Cr powders had been increasing during the past few days.

At early of May, the European chromium metal price rose by USD200/mt. then it kept the firm standard of USD8800-9000/mt.

According to the market, the high carbon ferrochrome market still bore great pressure for the rising cost of the chrome ores.

According to the statistics of the Customs, China import 1,015,670 tons chrome ores in Apr., up by 17% month on month

This week the South African chrome ores future price rose by USD5-10/mt while the spot price increased by RMB0.5-1/mtu.

At the end of May, the ferrochrome price kept stable, waiting for the new round of purchasing from steel mills. Now the mainstream price of high carbon ferrochrome was RMB6,500/mt.

On the 11th China Ferro-alloys International Conference, Cao Wenquan, the China Chief Representative of Yildirim Group said, the chrome ores price would turn firm from Q3, 2014.