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...