South African concentrate chrome ore prices increase
2014-04-18 09:05:05 [Print]
BEIJING (Asian Metal) 18 Apr 14 - Due to increasing offers from foreign suppliers, some Chinese traders have to increase their prices slightly and demand is a little bit better.
A trader in Shanghai reported to Asian Metal that due to tight container supply and worker strike in South Africa, many foreign suppliers raise their offers slightly. According to the source, he got prices of about USD160/t CIF Shanghai port for South African concentrate chrome ore 40-42% for bulks, up by about USD5/t CIF China compared with those of last week. "I heard some buyers have accepted the increased prices. Meanwhile, demand from Chinese domestic buyers is much better, as those buyers are worried about further price increase," said the source.
He disclosed that the prices of South African concentrate chrome ore 42-44% go up to USD187/t CIF Shanghai for bulks, up by about USD5-7/t compared with those of last week. However, the prices of South African lumpy chrome ore 36-38% keep stable at USD175/t CIF China. "Chinese chrome ore prices in main ports are going up as well," said the source. The trader usually holds 70,000tpm of chrome ore in Chinese main ports.
Another trader in Jiangsu confirmed the price increase in South African concentrate chrome ore market. According to the source, he increased the prices of South African concentrate chrome ore 40-41% to about RMB26/dmtu (USD3.62/dmtu) ex ports. "There are few offers of South African concentrate chrome ore from foreign suppliers, as it seems difficult to arrange the shipment," said the source.
He got offers of about USD160/t CIF China for South African concentrate chrome ore 40-42%, but due to unclear market trend, he did not make any deals recently.
A trader in Shanghai reported to Asian Metal that due to tight container supply and worker strike in South Africa, many foreign suppliers raise their offers slightly. According to the source, he got prices of about USD160/t CIF Shanghai port for South African concentrate chrome ore 40-42% for bulks, up by about USD5/t CIF China compared with those of last week. "I heard some buyers have accepted the increased prices. Meanwhile, demand from Chinese domestic buyers is much better, as those buyers are worried about further price increase," said the source.
He disclosed that the prices of South African concentrate chrome ore 42-44% go up to USD187/t CIF Shanghai for bulks, up by about USD5-7/t compared with those of last week. However, the prices of South African lumpy chrome ore 36-38% keep stable at USD175/t CIF China. "Chinese chrome ore prices in main ports are going up as well," said the source. The trader usually holds 70,000tpm of chrome ore in Chinese main ports.
Another trader in Jiangsu confirmed the price increase in South African concentrate chrome ore market. According to the source, he increased the prices of South African concentrate chrome ore 40-41% to about RMB26/dmtu (USD3.62/dmtu) ex ports. "There are few offers of South African concentrate chrome ore from foreign suppliers, as it seems difficult to arrange the shipment," said the source.
He got offers of about USD160/t CIF China for South African concentrate chrome ore 40-42%, but due to unclear market trend, he did not make any deals recently.
