China chrome ore imports hit 18-month high in September

Shipments of chrome ore to China climbed to 1.5 million tonnes in September, their highest since March 2018, according to official but unconfirmed data seen by Fastmarkets.

China imported 11.4 million tonnes of chrome ore in the first nine months of 2019, up from 11 million tonnes in the same period of last year. The seaborne chrome ore price dropped quickly from the start of April before bottoming out at two-year low early in July, encouraging mass restocking among Chinese buyers. Fastmarkets’ chrome ore South Africa UG2 concentrates index basis 42%, cif China sank to $140 per tonne on July 1, its cheapest since June 2017. The rise...

Published

Susan Zou

October 28, 2019

14:15 GMT

Shanghai