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Turkish chrome ore weakly remain stable

2018-03-26 07:27:26  【Print】
BEIJING (Asian Metal) 26 Mar 18 - The Turkish chrome ore market is quiet with prices keeping stable, as the supply is not strong. Mainstream prices for Turkish chrome ore concentrate 46%min stand at USD270-275/t FOB Turkey and USD280-285/t FOB Turkey for chrome ore lump 40%min, both unchanged from last week.Asian Metal Copyright He disclosed that he quotes Turkish chrome ore lump 40%min at USD285t FOB Turkey and he does not accept any prices lower than USD280t FOB Turkey, stable from late last week.Asian Metal Copyright Insiders think that the prices will slide this week, as the demand is soft with consumers show hesitation in purchasing.

A trader in Turkey mentioned that his quotation Turkish chrome ore concentrate 46%min at USD270/t FOB Turkey and he refuses any prices lower than this level, unmoved from last week. His last deal was closed for 1,000t of chrome ore concentrate 46%min at USD270/t FOB Turkey two weeks ago.Asian Metal Copyright "I think the prices temporarily stand stable since many miners reluctant to resume production and materials available in the spot market is limited.Asian Metal Copyright "I think the prices temporarily stand stable since many miners reluctant to resume production and materials available in the spot market is limited. However, prices for ferrochrome in Chinese market saw decreased last week and I believe chrome ore prices face downtrend pressure by USD5/t this week with consumers hesitating in purchasing," said the trader.

The trader, with a regular monthly trading volume of 5,000t, sold 4,000t in February and expects to sell similar amount in March, holding 2,000t in stock on hand now.

"I sold out my inventories for 1,500t of Turkish chrome ore lump 40%min at USD280/t FOB Turkey last week and I have no intention to build up inventories for now. I think the prices have pressure to go down by USD5/t this week and I barely receive any enquires and the demand is soft," another trader in Turkey said. He disclosed that he quotes Turkish chrome ore lump 40%min at USD285/t FOB Turkey and he does not accept any prices lower than USD280/t FOB Turkey, stable from late last week.Asian Metal Copyright Mainstream prices for Turkish chrome ore concentrate 46%min stand at USD270-275t FOB Turkey and USD280-285t FOB Turkey for chrome ore lump 40%min, both unchanged from last week.Asian Metal Copyright The trader also has a mine site for chrome ore with 10,000t monthly production volume, but he has no interest in resuming production now.

The trader, with a regular monthly trading volume of 5,000t, sold 3,000t in February and expects to sell 4,000t in March, holding no stock on hand now.

.Asian Metal Copyright .Asian Metal Copyright