Due to the significant increase in the number of chrome ore arriving at the ports of China, the supply tension has eased slightly. The ferrochrome factory's acceptance of high-priced chrome ore has weakened. And the enthusiasm for actual inquiry has declined, and the factories just purchase on demand. Some small and medium-sized traders chose to sell goods at lower price. The spot price of South Africa's chrome ore concentrate is down 1 yuan/dmtu today.
Although the short-term supply of chrome ore has rebounded, Turkey's shipment is stagnant and South Africa's inland transportation is not smooth. It is expected that the increase in the supply of chrome ore will be limited in the later period.