Ekin Maden will stop chrome ore exports to China until prices recover

Ekin Maden will not export chrome ore to China until prices recover to levels seen before the Chinese New Year, the Turkish producer warned on Tuesday March 5.

The company exports 35,000 tpm of chrome ore, all of it to China. “Ekin Maden talked with their domestic suppliers and have decided to hold their monthly 35,000 tonnes of chrome exports until the market returns to a normal situation, just like before the Chinese New Year,” the company said. Prices for Turkish lumpy chrome ore, basis 40-42% fell to $265-280 per tonne on March 1, compared with $270-280 per tonne previously.  Charge chrome import prices into China fell to 94 cents on March 1, compared with 97 cents the week before,...

Published

Janie Davies

March 05, 2013

17:05 GMT

London