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The chrome ore market maintained an upward trend in China. the spot price of chrome ore is increased by 1 yuan/dmtu in China's port market. And the future offers from mines and exporters have been increased slightly this week. The concentration of spot resources of chrome ore is relatively high recently, and the overall quotation of traders is high.
At present, the mainstream spot price of 40-42% refined powder in Tianjin Port South Africa is around 55-56 yuan/dmtu, and the suppliers are unwilling to ship in low price. The current holding cost of chrome ore traders is high, and it is expected that the market price of chrome ore will remain relatively strong in the short term.