The tender price is determined The price of chromium ore is supported 

Last week, the bidding price of Qingshan was 7695 yuan / 50 base price (cash including tax package), up 300 yuan / 50 base from the previous month, and it is expected that the purchase growth rate of large steel mills in the north will remain consistent. In October, the bidding price of high chromium in mainstream stainless steel mills was slightly raised, although the increase was not as good as the psychological expectation of some chromium people, but the bidding price rose, and the price of chromium ore was bound to gain favorable support.  

After the high chromium price was clarified in October, although the factory was forced to accept the production pressure of high-cost raw materials, the current iron price was not enough to force the factory to declare a shutdown due to the iron price. Production will remain in place at the plant, and ferrochrome production is expected to pick up next month, so chromium ore consumption will also increase.  

Therefore, according to the factory start, the demand for chromium ore remains high, and then it is also an effective support for the chromium ore futures market. In the case of the continued rise in the price of chromium ore futures in South Africa, the price of chromium ore in other countries will undoubtedly be stronger, so that the spot price of chromium ore will also be supported.  

Therefore, in the short term, chromium ore futures and spot prices will undoubtedly be supported and develop steadily.  

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Xinshichuang Metallurgical Refractories Co., Ltd. 

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