WEEKLY: China’s chrome ore traders resisted price cuts
Aug 11, 2020 14:30
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The Chinese traders of imported chrome ore remained their offering prices unchanged on week over August 3-7 to reflect their high purchasing costs in the previous months, even though some domestic large-sized stainless mills released lower ferrochrome (FeCr) procurement prices for August supplies, Mysteel’s latest weekly survey showed.
As of August 7, China’s price of the 40%-42% grade South African chrome ore at the Tianjin port of North China stayed at Yuan 27.25/dmtu($3.9/dmtu), or having persisted at its four-month low for two weeks, according toMysteel’s assessment.
“Domestic FeCr smelters demanded us to reduce offer prices of chrome ore in