Surge in chrome ore imports in April weighs on price; FeCr imports up on supply concerns

China imported 1.63 million tonnes of chrome ore and concentrates in April, up by 80.5% month on month and 26.6% year on year, according to official but unconfirmed data seen by Fastmarkets.

South Africa, the world’s largest chrome ore producer, contributed around 1.27 million tonnes to total imports in April, taking a share of 77.8% of the total. Chinese imports from South Africa also surged by 91.6% month on month and 40% year on year. The significant increase in chrome ore imports in April was partly attributed to expectations of increased consumption in China after a number of Chinese ferro-chrome smelters resumed production following the Chinese New Year holiday (February 4-10). A number of ferro-chrome plants in Hunan, Guizhou and Guangxi suspended production in late 2018 due to losses amid low prices. They resumed production in late March, stimulated by the 300 yuan ($43.50) per tonne rise in April tender prices...

Published

Amy Lv

May 28, 2019

13:11 GMT

Shanghai