Local Chinese chrome ore and ferrochrome prices - week 2, 2024

Friday, 12 January 2024 15:18:59 (GMT+3)   |   Istanbul
       

Source   

Destination   

Product   

Price   

Price change   

Sales term   

Turkey   

China   

Cr2O3 42% chrome ore lump   

$462/mt 

  
+$1/mt

VAT (FOT)

S. Africa   

China   

Cr2O3 42% chrome ore concentrate   

$390/mt 

  
-$4/mt

VAT (FOT)

China   

Local Chinese market   

FeCr55C 1000 ferrochrome (Sichuan)

RMB 9,625 /mt 
($1,340/mt) 

+ RMB 55/mt
(-$7/mt) 

Ex-works

The local Chinese market price includes 13 percent VAT.

Exchange rate fluctuations are taken into consideration when calculating the weekly price changes.   

$1 = RMB 7.1846

Source: Steelhome


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