Chrome Industry Annual Report 2023

1. Chrome Industry Overview 5
1.1 Definition 5
1.2 Application 5
1.2.1 Metallurgy industry 5
1.2.2 Chemical industry 5
1.2.3 Refractories and cast iron 5
1.3 Type of chromium 5
1.4 Distribution of chromium resource 5
1.4.1 Distribution of chrome ore in the world 5
1.4.2 Distribution of chrome ore in China 5
1.4.3 Distribution of HC ferrochrome production in China in 2023 5
1.4.4 Distribution of LC ferrochrome production in China in 2023 6
2. Economy and Policy 6
2.1 China completes on-site work for third round of central environmental inspections 6
2.2 China unveils latest air quality plan banning new steel capacity 6
2.3 China launches third round of central environmental inspections 6
2.4 Lvliang asks key industries to limit production till Mar 2024 6
2.5 China reports reserve increase in 40% of minerals in 2022 6
2.6 Ningxia to implement staggered production for winter and spring 2022-2023 6
2.7 China H1 foreign trade exceeds 20 trillion yuan for first time 6
2.8 China to inspect over 4000 high energy-consuming companies in 2023 6
2.9 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 6
2.10 GACC: China's gross imports and exports up by 5.8% YoY in Jan-Apr 7
2.11 Inner Mongolia issues plan to peak carbon emission 7
2.12 China to further expand scale of RMB settlement for cross-border trade 7
2.13 GACC: China's gross imports and exports up by 4.8% YoY in Q1 7
2.14 WTO raises global trade growth forecast for 2023 7
2.15 China further enforces preferential policies for small businesses regarding income tax 7
2.16 China to cut reserve requirement ratio by 0.25 percentage points 7
2.17 Beijing-Tianjin-Hebei Region's economic aggregate exceeds RMB1 billion 7
2.18 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 7
3. Market Movements 7
3.1 Chinese market movements 7
3.1.1 Chinese HC ferrochrome Cr52%min C8%max (50-basis) EXW China 7
3.1.Asian Metal Copyright2 Chinese LC ferrochrome Cr55%min C0.Asian Metal Copyright2 Chinese LC ferrochrome Cr55%min C0.25%max (60%-basis) EXW China 8
3.1.Asian Metal Copyright31 Shimian Dele Electrometallurgy resumes the production of HC ferrochrome 35 4.Asian Metal Copyright3 Chinese LC ferrochrome Cr55%min C0.1%max (60%-basis) EXW China 9
3.1.4 South African HC ferrochrome Cr50%min C 8%max (50-basis) in port China 10
3.1.5 Indian HC ferrochrome Cr58% C8%max (50-basis) in port China 11
3.1.7 Silicon chromium Si42%min Cr 30%min EXW China 12
3.1.8 Chrome metal 99%min EXW China 13
3.1.9 South African chrome concentrate 40%min in port China 14
3.1.10 Prices for Turkish chrome lump 40%min in port China 15
3.1.11 Prices for Turkish chrome concentrate 46%min in port China 16
3.2 China's Export Market Movements 17
3.2.Asian Metal Copyright11 Prices for Turkish chrome concentrate 46%min in port China 16 3.Asian Metal Copyright1 LC ferrochrome Cr60%min C 0.1%max (60%-basis) FOB China 17
3.3 International Market Movements 17
3.3.1 HC ferrochrome Cr60%min C8%max in Europe 18
3.3.Asian Metal Copyright70 Sinosteel Group Jilin Ferroalloy decreases LC ferrochrome production 38 4.Asian Metal Copyright2 LC ferrochrome Cr60%min C0.1%max in Europe 18
3.3.3 HC ferrochromeCr60%min C8%max in America 19
3.3.Asian Metal Copyright10 Mintal Group Ferrochrome Science and Technology to increase HC ferrochrome production 33 4.Asian Metal Copyright4 LC ferrochrome Cr60%min C0.1%max in America 20
3.3.Asian Metal Copyright4.Asian Metal Copyright5 HC ferrochrome Cr60% min C8.5%max in Russia 21
3.3.Asian Metal Copyright1.Asian Metal Copyright6 LC ferrochrome Cr65% min C0.1%max in Russia 22
3.3.7 CIF/DAF China prices for ferrochrome by country 22
3.3.Asian Metal Copyright48 Shangdu Yezhao Metallurgy resumes their production of HC ferrochrome 36 4.Asian Metal Copyright7.1 South African HC ferrochrome Cr50%min C 8%max CIF China 22
3.3.Asian Metal Copyright74 Jiayuguan Juda Smelting to build 100ktpa HC ferrochrome project 39 4.Asian Metal Copyright7.2 Indian HC ferrochrome Cr58% min C8%max CIF China 23
3.3.Asian Metal Copyright1 Chinese producers' HC ferrochrome production capacity in 2023 39 5.Asian Metal Copyright7.Asian Metal Copyright25 Shangdu Yezhao Metallurgy decreases HC ferrochrome production 34 4.Asian Metal Copyright3 Kazakhstan HC ferrochrome Cr68%min C8.5%max CIF China 24
3.3.8 CIF China prices for chrome ore by country 25
3.3.Asian Metal Copyright8 Yuncheng Mengjin Ferroalloy decreases HC ferrochrome production 32 4.Asian Metal Copyright8.1 South African chrome concentrate 40%min CIF China 25
3.3.Asian Metal Copyright4.Asian Metal Copyright8.2 South African chrome concentrate 42%min CIF China 26
3.3.Asian Metal Copyright18 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 7 3.Asian Metal Copyright8.3 Turkish chrome lump 40%min CIF China 27
3.3.Asian Metal Copyright38 Baoji Houde Naimo Material to increase the production of HC ferrochrome 35 4.Asian Metal Copyright8.4 Turkish chrome concentrate 46%min CIF China 27
3.3.9 FOB prices for chrome ore by country 28
3.3.Asian Metal Copyright58 Shimian Dele Electrometallurgy to decrease HC ferrochrome production 37 4.Asian Metal Copyright9.1 South African chrome concentrate 40%min FOB South African 28
3.3.Asian Metal Copyright1.Asian Metal Copyright9.2 South African chrome concentrate 42%min FOB South African 29
3.3.Asian Metal Copyright9 FOB prices for chrome ore by country 28 3.Asian Metal Copyright9.3 Turkish chrome lump 40%min FOB Turkey 30
3.3.Asian Metal Copyright14 WTO raises global trade growth forecast for 2023 7 2.Asian Metal Copyright9.4 Turkish chrome concentrate 46%min FOB Turkey 31
4. Company News 32
4.1 Sinosteel Group Jilin Ferroalloy increases HC ferrochrome production 32
4.2 Zhongrun Xinda stops LC ferrochrome production 32
4.3 Inner Mongolia Xiaolong Charge decreases HC ferrochrome production 32
4.4 Zhongrun Xinda to resume the production of LC ferrochrome 32
4.5 Yuncheng Mengjin Ferroalloy to decrease HC ferrochrome production 32
4.6 Jinzhao Metallurgical Refractory resumes the production of LC ferrochrome 32
4.7 Baise Xinzhong Manganese Industry to resume the production of HC ferrochrome 32
4.8 Yuncheng Mengjin Ferroalloy decreases HC ferrochrome production 32
4.9 Shunfa Electric Melting Smelting decreases HC ferrochrome production 32
4.10 Mintal Group Ferrochrome Science and Technology to increase HC ferrochrome production 33
4.11 Inner Mongolia Xiaolong Charge increases HC ferrochrome production 33
4.12 Shimian Dele Electrometallurgy to resume the production of HC ferrochrome 33
4.13 Xinzhong Manganese Industry increases HC ferrochrome production 33
4.14 Mintal Group Ferrochrome Science and Technology increases HC ferrochrome production 33
4.15 Wenchuan Shunfa Electric Melting Smelting increases HC ferrochrome production 33
4.16 Shuangfu Chemical increases HC ferrochrome production 33
4.17 Xinganglian Metallurgy increases HC ferrochrome production 33
4.18 Anhua Pingkou Ferroalloys to stop the production of low silicon HC ferrochrome 33
4.19 Xingyi Haowei Changwei Smelting decreases HC ferrochrome production 33
4.20 Yuncheng Mengjin Ferroalloy stops HC ferrochrome production 33
4.21 Fengzhen Tianyuan Chemical decreases HC ferrochrome production 34
4.22 Yingkou Xinxing Silicon Products decreases HC ferrochrome production 34
4.23 Inner Mongolia Shuangfu Chemical decreases HC ferrochrome production 34
4.24 Ebian Yunxing Electrometallurgy to resume the production of HC ferrochrome 34
4.25 Shangdu Yezhao Metallurgy decreases HC ferrochrome production 34
4.26 Boyuan Silicon Industry reduces HC ferrochrome production 34
4.27 Shimian Dele Electrometallurgy to resume the production of HC ferrochrome 34
4.28 Shanxi Pinglu Changsheng Stainless steel to resume the production of HC ferrochrome 34
4.29 Fengzhen Tianyuan Chemical to resume the production of HC ferrochrome 34
4.30 Zhongrun Xinda New Material Technology to resume the production of LC ferrochrome 34
4.31 Shimian Dele Electrometallurgy resumes the production of HC ferrochrome 35
4.32 Shunfa Electric Melting Smelting increases the production of HC ferrochrome 35
4.33 Yingkou Xinxing Silicon Products decreases HC ferrochrome production 35
4.34 Ebian Yunxing Electrometallurgy resumes the production of HC ferrochrome 35
4.35 Baoji Houde Naimo Material to decrease HC ferrochrome production 35
4.36 Guangxi Zhitai New Material resumes the production of HC ferrochrome 35
4.37 Yingkou Xinxing Silicon Products increases HC ferrochrome production 35
4.38 Baoji Houde Naimo Material to increase the production of HC ferrochrome 35
4.39 Shimian Dele Electrometallurgy increases HC ferrochrome production 35
4.40 Shunfa Electric Melting Smelting increases HC ferrochrome production 35
4.41 Fengzhen Tianyuan Chemical increases HC ferrochrome production 35
4.42 Xingyi Haowei Changwei Smelting increases the production of HC ferrochrome 36
4.43 Ebian Yunxing Electrometallurgy increases the production of HC ferrochrome 36
4.44 Yingkou Xinxing Silicon Products increases HC ferrochrome production 36
4.45 Inner Mongolia Xiaolong Charge increases HC ferrochrome production 36
4.46 Inner Mongolia Shuangfu Chemical decreases HC ferrochrome production 36
4.47 Fengzhen Tianyuan Chemical increases HC ferrochrome production 36
4.48 Shangdu Yezhao Metallurgy resumes their production of HC ferrochrome 36
4.49 Grand Bright New Material increases HC ferrochrome production 36
4.50 Xibao Metallurgical Materials Group stops HC ferrochrome production 36
4.51 Pinglu Changsheng Stainless Steel Charge to resume the production of HC ferrochrome 36
4.52 Inner Mongolia Shuangfu Chemical decreases HC ferrochrome production 37
4.53 Beijing Runtianlong International Trade stops HC ferrochrome production 37
4.54 Inner Mongolia Xiaolong Charge increases the production of HC ferrochrome 37
4.55 Shanxi Pinglu Changsheng Stainless Steel Charge stops HC ferrochrome production 37
4.56 Inner Mongolia Shuangfu Chemical increases HC ferrochrome production 37
4.57 Wulate Zhongqi Boyuan Silicon Industry to increase HC ferrochrome production 37
4.58 Shimian Dele Electrometallurgy to decrease HC ferrochrome production 37
4.59 Sichuan Mingda Group Enterprise to decrease HC ferrochrome production 37
4.60 Sichuan Ebian Yunxing Electrometallurgy to stop HC ferrochrome production 37
4.61 Boyuan Silicon Industry increase HC ferrochrome production 37
4.62 Baoji Houde Naimo Material stops LC ferrochrome production 38
4.63 Sichuan Mingda Group Enterprise to decrease HC ferrochrome production 38
4.64 Zhongrun Xinda New Material Technology increases LC ferrochrome production 38
4.65 Jianchang Fangri Metallurgical Furnace Material to resume the production of low silicon HC ferrochrome 38
4.66 Mintal Group Ferrochrome Science and Technology increases HC ferrochrome production 38
4.67 Wulate Zhongqi Boyuan Silicon Industry increases HC ferrochrome production 38
4.68 Anhua Pingkou Ferroalloys resumes the production of low silicon HC ferrochrome 38
4.69 Grand Bright New Material decreases HC ferrochrome production 38
4.70 Sinosteel Group Jilin Ferroalloy decreases LC ferrochrome production 38
4.71 Wulate Zhongqi Boyuan Silicon Industry decreases HC ferrochrome production 38
4.72 Wulat Zhongqi Aeon Ferroalloy decreases LC ferrochrome production 39
4.73 Inner Mongolia Xiaolong Charge decreases HC ferrochrome production 39
4.74 Jiayuguan Juda Smelting to build 100ktpa HC ferrochrome project 39
4.75 Tibet Mining announces 2023 production guidance for chromite and lithium concentrate 39
4.76 Century Tsingshan to add 230ktpy HC ferrochrome production capacity 39
5. Producers Statistics 39
5.1 Chinese producers' HC ferrochrome production capacity in 2023 39
5.2 Chinese producers' HC ferrochrome operating rate in 2023 39
5.3 Chinese producers' HC ferrochrome output in 2023 40
5.4 Chinese producers' inventory of HC ferrochrome in 2023 40
5.5 Chinese producers' LC ferrochrome production capacity in 2023 40
5.6 Chinese producers' LC ferrochrome operating rate in 2023 41
5.7 Chinese producers' LC ferrochrome output in 2023 41
5.8 Chinese producers' inventory of LC ferrochrome in 2023 41
6. Customs Statistics 42
6.1 China's chrome ore imports in 2023 42
6.2 China's ferrochrome (C>4%) imports by month in 2023 42
7. Supply and Demand outlook for 2024 42
7.1 Chinese Market Outlook for 2024 42
7.1.1 Chinese ferrochrome 42
7.1.2 Imported ferrochrome 43
7.1.3 Chrome ore 43
7.1.4 Chrome metal 43

.Asian Metal Copyright2Asian Metal Copyright