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Turkish chrome ore export prices flat

2019-04-11 08:37:43   【Print】
BEIJING (Asian Metal) 11 Apr 19 – Currently, prevailing export prices of Turkish chrome ore lump 40%min and concentrate 46%min are held unchanged at USD235-240/t and USD260-265/t CIF China respectively, roughly unchanged for the past three weeks.Asian Metal CopyrightBEIJING Asian Metal 11 Apr 19 – Currently, prevailing export prices of Turkish chrome ore lump 40%min and concentrate 46%min are held unchanged at USD235-240t and USD260-265t CIF China respectively, roughly unchanged for the past three weeks.Asian Metal Copyright Turkish chrome ore suppliers lifted their prices following the bullish Chinese chrome ore and alloys market in March.Asian Metal Copyright A miner from Turkey would not accept bids less than USD235t CIF China for chrome lump 40%min for the moment, unchanged from a week ago.Asian Metal Copyright However, the transactions did not see significant increase accordingly.Asian Metal Copyright However, the transactions did not see significant increase accordingly.Asian Metal Copyright Most suppliers hold strong wait-and-see attitude for the moment and it is predicted the prices would stay relatively stable in the coming days.

A miner from Turkey would not accept bids less than USD235/t CIF China for chrome lump 40%min for the moment, unchanged from a week ago. They last sold 1,200t at USD235/t with a Chinese smelter in late March.Asian Metal Copyright Turkish chrome ore suppliers lifted their prices following the bullish Chinese chrome ore and alloys market in March.Asian Metal Copyright "We did not receive many inquiries from Chinese buyers over the past week. A buyer wanted to purchase 1,000t at USD228/t this Tuesday but I refused," said the source, adding he would not lower his offer in spite of low demand for the moment.Asian Metal Copyright Chinese buyers refrained from purchasing seaborne cargos amid anticipations of possible slide following the South African chrome ore," said a trader from Turkey.Asian Metal Copyright He would wait for the leading May ferrochrome tenders in China and keeps his price firm in the coming days.

With an annual production capacity for chrome ore of 30,000t, they expect to produce 2,000t in April, unchanged MOM, holding 800t in stock now.

"We hold the price for chrome concentrate 46%min stable at USD260/t CIF China from a week before and last sold 800t at this price last Wednesday. Chinese buyers refrained from purchasing seaborne cargos amid anticipations of possible slide following the South African chrome ore," said a trader from Turkey.Asian Metal Copyright A buyer wanted to purchase 1,000t at USD228t this Tuesday but I refused," said the source, adding he would not lower his offer in spite of low demand for the moment.Asian Metal Copyright The source emphasized that the chrome ore transactions in Turkey did not improve significantly as expected during the past month, so he would not move down his offer to entice buyers in the near term.

With a regular trading volume for chrome ore of 3,000tpm, they sold about 2,000t in March and expect the same in April, holding no stock now.

.Asian Metal Copyright However, the transactions did not see significant increase accordingly.Asian Metal Copyright