Tisco confirmed its HC Ferro Chrome tender price as RMB 5,700 (USD 804) /50basis per MT, tax inclusive, delivered, up by RMB 250 (USD 35) /50basis per MT M-o-M, with regular purchasing amount. The Delivery period is from May 15 to Jun 15, 2020. Tisco (Taiyuan iron and steel co) confirmed its LC Ferro Chrome (C 0.25) tender prices for May, which is RMB 11,000 (USD 1552) /60basis per MT, up by RMB 500 (USD 71) /60 basis per MT M-o-M; Quantity is 1,500 MT; Micro carbon Ferro Chrome V6 is at RMB 11,400 (USD 1609) /60 basis per MT for 30 MT; All prices are on 50% acceptance, 50% cash, tax inclusive, delivered.
Chrome Ore Market:
1. The spot price of RSA concentrates 42/44% inched up by RMB 0.5/dmtu. As the tender prices from mills are yet to be confirmed, some small-medium alloy producers, though need to purchase spot goods, put off the schedule till the guiding prices are available. Compared with RSA concentrates, the upswing of mainstream lumpy ores is relatively inactive. However, the continuous price hike by oversea offers shoves up the import costs and few importers are willing to compromise regardless of insufficient transactions.
2. Price by oversea suppliers: (CIF China main port)
|
Origin |
Grade (Cr2O3) | Mainstream offers (USD/dmtu CIF China main ports) | Mainstream closed (USD/dmtu CIF China main ports) | Transactional spot price today at China ports (RMB/dmtu) |
The transactional Spot price on April 27 at China ports (RMB/dmtu) |
| RSA | 42-44% concs | 155-160(bulk vessel） | 150-155 | 30.5-31 | 30-30.5 |
| 42-44% concs | 145-150(containers） | 140-145 | 30.5-31 | 30-30.5 | |
| 40-42% concs | 150-155 (bulk vessel) | 148-150 | 29-29.5 | same | |
| 40-42% concs | 140-145 (container) | 135-140 | 29-29.5 | same | |
| 36-38% lumps | 140-145 | 135-140 | 33-33.5 | same | |
| 38-40% lumps | 155-160 | 150-155 | 33.5-34 | same | |
| 40-42% ROM | 175-180(bulk vessel) | 175-180 | 33-34 | same | |
| 38-40% ROM | 155-160(bulk vessel) | 155-160 | 32-32.5 | same | |
| Pakistan | 40-42% lumps | 190-195 | 190-195 | 42.5-43 | same |
| Oman | 30-32% lumps | 115-125 | 110-112 | 33-34 | same |
| Turkey | 46-48% concs | 220-230 | 205-210 | 40.5-41 | same |
| Turkey | 40-42% lumps | 200-205 | 190-195 | 42.5-43 | same |
| Iran | 40-42% lumps | 185-190 | 180-185 | 42.5-43 | same |
| Albania | 40-42% lumps | 215-220 | 210-215 | 44-45 | same |
| Albania | 38-40% lumps | 195-200 | 190-195 | 43-44 | same |
| Madagascar | 46-48% concs | 175-180 | 170-175 | – | – |
| Madagascar | 38-40% lumps | 150-155 | 145-150 | – | – |
| Zimbabwe | 48-50% concs | 190-200 | 180-190 | 34.5-35 | same |
HC Ferro Chrome Market
1. Today there is no price revision on domestically produced HC Ferro Chrome. By the end of Month, some steel mills have announced their tender prices one after another; but major steels are yet to fix the prices. As the labour’s holiday draws close, the market trading atmosphere is getting thin. While some alloy plants mainly operate from procuring spot cargo with in-plant feeds drawing down, their moves on replenishing ores differ due to varying perceptions on later development.
2. Price
Currently, offers of HC Ferro Chrome of RSA and India origin are not available. The Kazakhstan HC Ferro Chrome is at USD 0.72-0.73/bl and RMB 6,850-6,950 (USD 967-981) /50basis per MT at Chinese ports. Indian origin is at RMB 6,150-6,200 (USD 868-875) /50 basis per MT.
HC Ferro Chrome in the domestic market:
Ferro Chrome 55c1000 (price on 50 basis ex-plant, tax inclusive, cash)
|
Region |
Price Apr28 (RMB) | Price Apr27 (RMB) |
Change (RMB) |
| North China | 5800-5900 | 5800-5900 | Flat |
| Southwest | 6000-6150 | 6000-6150 | Flat |
| Northwest | 5900-6050 | 5900-6050 | Flat |
| Northeast | 6100-6200 | 6100-6200 | Flat |
| Central China | 6050-6100 | 6050-6100 | Flat |
| Shanghai | 6150-6250 | 6150-6250 | Flat |
| Shandong | 6000-6100 | 6000-6100 | Flat |
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