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In terms of the chrome ore market, the transaction price of futures ores remained weak, and some origins chrome ore prices were slightly adjusted.The expectation of the decline in demand for chrome ore still affected the transaction of futures ores. However, except for South Africa's chrome ore are decreasing by 10 USD/mt, other mainstream ores suppliers were not willing to adjust prices, and the market is expected to be stable in the short term.
In terms of spot, the spot price of chrome ore has basically remained stable. Due to the low inventory of chrome ore in the factory, the inquiry of chrome ore market has improved recently, and the purchase volume of chrome ore has rebounded. The arrival of mainstream lump ore and high-quality ore is still small this month, and the price of high-quality chrome ore resources will continue to remain strong. The spot chrome ore market is expected to operate stably in the short term.