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On August 9th, the spot price of 40-42% South Africa's chrome concentrates at Tianjin Port is around 62-63 yuan/dmtu, and the futures price is 305-315 US dollars/ton. The 46%-48% Türkiye's chrome concentrates powder spot price is around 76-77 yuan/ton, and the futures price is 420-430 US dollars/ton. There is a slight adjustment in the price of chrome ore during the week. South African chrome concentrates 40-42% will be shipped at a price of 310-313 US per ton. The mainstream pricing for ROM ore is currently in line with cost, and there is limited room for further price reductions.
Chrome ore in Türkiye is affected by the overall market, and the overall market situation of chrome ore is that buyer inquiries have rebounded compared to the previous period, but due to cost pressures, they want to further reduce prices for procurement.
With the current high exchange rate and relatively high futures trading prices, the possibility of a short-term decrease in import costs is relatively limited. Short term chrome ore prices are expected to remain stable.