Chrome Industry Annual Report 2020
2021-03-16 10:10:43 【Print】
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Contents
1. Chrome Industry Overview 4
1.1 Basic information of chromium 4
1.1.1 Physical properties of chromium 4
1.1.2 Chemical properties of chromium 4
1.1.3 Application of chromium 4
1.1.3.1 Metallurgy industry 4
1.1.3.2 Chemical industry 4
1.1.3.3 Refractories and cast iron 5
1.1.3.4 Other applications 5
1.2 Type of chromium 5
1.3 Distribution of chromium resource 5
1.3.1 Distribution of chrome ore in the world 5
1.3.2 Distribution of chrome ore in China 5
1.3.3 Distribution of ferrochrome production in China in 2020 5
1.3.3.1 Distribution of HC ferrochrome production in China in 2020 5
1.3.3.2 Distribution of LC ferrochrome production in China in 2020 6
2. Economy and Policy 6
2.1 Customs Tariff Commission: To continue imposing export tariffs on 107 products in 2020 6
2.2 Inner Mongolia issues implementation plan for high-quality development of traditional industries 6
2.3 Chinese authorities issue Catalogue of Commodities Subject to Export License Administration (2020) 6
2.4 China, U.S. sign phase one economic and trade agreement 6
2.5 Guangxi weeds out 49,100t of backward production capacity for ferroalloy in 2020 6
2.6 NDRC: Lower power cost in epidemic period with various measures 6
2.7 State Council: Tariff exclusion applications allowed for some companies 7
2.8 GACC: No longer release import and export statistics for Jan and Feb separately 7
2.9 MEE releases ferroalloy and manganese flake industrial pollutant discharge permit application and issuance technical specification 7
2.10 China's central bank to conduct targeted RRR cuts on Mar 16 7
2.11 China's central bank to conduct targeted RRR cuts on Mar 16 7
2.12 GACC: Extend approvals for goods temporary imported and exported 7
2.13 Kazakhstan's ferroalloy production down by 9.5% MOM in Feb 7
2.14 Japan to launch biggest economic stimulus package in history 7
2.15 Malaysia extends action restrictions again 7
2.16 MNR to delegate mining rights approval of some mineral resources from 1 May 8
2.17 Bank of Japan keeps interest rate unchanged at -0.1% 8
2.18 Hebei provides subsidies to polluting industries for ultra-low emission upgrade 8
2.19 South African mining output plunges on COVID-19 lockdown 8
2.20 SARB may further cut interest rates in South Africa 8
2.21 NBS: Ferroalloy output up by 3.9% YOY in Jul 8
2.22 NDRC and Ministry of Transport: To accelerate construction of Tianjin-Hebei world-class port cluster 8
2.23 Oman's PMA considering renewing or cancelling dormant chromite mining licenses 8
2.24 China to put resources tax law into force from September 1 on 9
2.25 South Africa's cabinet approves export tax on chrome ore 9
2.26 Three authorities release tax rules for COVID-19 force majeure export returned goods 9
2.27 National Energy Administration: Taking measures to cope with tight electricity supply in South China 9
2.28 ChromeSA welcomes negotiated electricity pricing concession 9
2.29 Port construction fees to be suspended from January 1, 2021 9
3. Market Movements 9
3.1 Chinese market movements 9
3.1.1 EXW prices for HC ferrochrome Cr 52%min C 8%max (50-basis) in China 9
3.1.2 EXW prices for LC ferrochrome Cr 55%min C 0.25%max (60%-basis) in China 10
3.1.3 EXW prices for LC ferrochrome Cr 55%min C 0.1%max (60%-basis) in China 11
3.1.4 Chinese major steel mills' purchasing prices for HC ferrochrome in 2020 12
3.1.5 Prices for South African HC ferrochrome Cr 50%min C 8%max (50-basis) in Chinese ports 12
3.1.6 Prices for Indian HC ferrochrome Cr 58%min C 8%max (50-basis) in Chinese ports 13
3.1.7 Prices for Kazakhstan HC ferrochrome Cr 68%min C 8.5%max (50-basis) in Chinese ports 14
3.1.8 EXW prices for silicochromium Si 42%min Cr 30%min in China 15
3.1.9 EXW prices for chrome metal 99%min in China 16
3.1.10 Prices for South African chrome concentrate 40% in Chinese ports 17
3.1.11 Prices for Turkish chrome lump 40%min in Chinese ports 18
3.1.12 Prices for Turkish chrome concentrate 46%min in Chinese ports 19
3.2 China's Export Market Movements 20
3.2.1 FOB China prices for Chinese chrome metal 99.99%min 20
3.3 International Market Movements 21
3.2.1 Prices for HC ferrochrome Cr 60%min C 8%max in Europe 21
3.3.2 Prices for LC ferrochrome Cr 60%min C 0.1%max in Europe 22
3.3.3 Prices for HC ferrochrome Cr 60%min C 8%max in America 23
3.3.4 Prices for LC ferrochrome Cr 60%min C 0.1%max in America 24
3.3.5 Prices for HC ferrochrome Cr 60%min C 8.5%max in Russia 24
3.3.6 Prices for LC ferrochrome Cr 65%min C 0.1%max in Russia 25
3.3.7 CIF/DAF China prices for ferrochrome by country 26
3.3.7.1 CIF China prices for South African HC ferrochrome Cr 50%min C 8%max 26
3.3.7.2 CIF China prices for Indian HC ferrochrome Cr 58%min C 8%max 27
3.3.7.3 DAF China prices for Kazakhstan HC ferrochrome Cr 68%min C 8.5%max 28
3.3.8 CIF China prices for chrome ore by country 29
3.3.8.1 CIF China prices for South African chrome concentrate 40%min 29
3.3.8.2 CIF China prices for South African chrome concentrate 42%min 30
3.3.8.3 CIF China prices for Turkish chrome lump 40%min 31
3.3.8.4 CIF China prices for Turkish chrome concentrate 46%min 32
3.3.9 FOB prices for chrome ore by country 32
3.3.9.1 FOB prices for South African chrome concentrate 40%min 32
3.3.9.2 FOB prices for South African chrome concentrate 42%min 33
3.3.9.3 FOB prices for Turkish chrome lump 40%min 34
3.3.9.4 FOB prices for Turkish chrome concentrate 46%min 35
4. Company News 36
4.1 Zhengxiang Baiqi Mengneng Metallurgy maintained HC ferrochrome submerged arc furnace 36
4.2 Jilin Ferroalloy maintained LC and HC ferrochrome furnaces 36
4.3 Yunlin Ferroalloy halted HC ferrochrome production in 2020 36
4.4 Tibet Mining raised chrome ore output 36
4.5 Jucheng Mining increased HC ferrochrome production 37
4.6 Ningxia Tianyuan Manganese Industry terminated HC ferrochrome production 37
4.7 Fuxin Sanhe New Material Group started manganese and chrome alloy phase I project 37
4.9 Glencore sold 20.5% stake in Unicorn Chrome to Merafe Resources' subsidiary 37
4.10 South African BI Commodities resumed chrome ore mining 37
4.11 Glencore's South African venture With Merafe started job cuts process 37
4.12 Swedish Stirling signed MOU with Samancor 37
4.13 Jiyuan Steel raised MC ferrochrome purchase volume 38
4.14 Zimasco targets 300,000mt high grade chrome ore for export in 2020 38
4.15 South Africa keeps ferrochrome benchmark contract price for Europe in Q4 unchanged 38
4.16 Fangchengang Jiguang raised HC ferrochrome production 38
4.17 ICDA: Global chrome production impacted by Covid-19 outbreak 38
4.18 Xinye Steel reduced purchase volume for ferrochrome in Oct 38
4.19 Xingdongfang Alloys launched commercial production of LC ferrochrome 38
4.20 Zimasco resumed ferrochrome production 38
4.21 Xinganglian raised HC ferrochrome prices 38
4.22 Shuo Feng Industrial launched commercial production of HC ferrochrome 38
4.23 Mintal Group Ferrochrome suspended signing of long-term ferrochrome orders for 2021 38
5. Producers Statistics 39
5.1 Chinese producers' HC ferrochrome production capacity in 2020 39
5.2 Chinese producers' HC ferrochrome operating rate in 2020 39
5.3 Chinese producers' HC ferrochrome output in 2020 39
5.4 Chinese producers' inventory of HC ferrochrome in 2020 40
5.5 Chinese producers' LC ferrochrome production capacity in 2020 40
5.6 Chinese producers' LC ferrochrome operating rate in 2020 40
5.7 Chinese producers' LC ferrochrome output in 2020 41
5.8 Chinese producers' inventory of LC ferrochrome in 2020 41
6. Consumers Statistics 41
6.1 Chrome ore consumption in China in 2020 41
6.2 Chinese steel mills consumption for ferrochrome in 2020 42
7. Customs Statistics 42
7.1 China's chrome ore imports by month in 2020 42
7.2 China's chrome ore import volume by month by country in 2020 42
7.3 China's ferrochrome (C>4%) imports by month in 2020 42
8. Market Outlook for 2021 43
8.1 Market Outlook for China in 2021 43
8.1.1 Chinese ferrochrome 43
8.1.2 Imported ferrochrome 43
8.1.3 Chrome ore 43
8.1.4 Chrome metal 43
1. Chrome Industry Overview 4
1.1 Basic information of chromium 4
1.1.1 Physical properties of chromium 4
1.1.2 Chemical properties of chromium 4
1.1.3 Application of chromium 4
1.1.3.1 Metallurgy industry 4
1.1.3.2 Chemical industry 4
1.1.3.3 Refractories and cast iron 5
1.1.3.4 Other applications 5
1.2 Type of chromium 5
1.3 Distribution of chromium resource 5
1.3.1 Distribution of chrome ore in the world 5
1.3.2 Distribution of chrome ore in China 5
1.3.3 Distribution of ferrochrome production in China in 2020 5
1.3.3.1 Distribution of HC ferrochrome production in China in 2020 5
1.3.3.2 Distribution of LC ferrochrome production in China in 2020 6
2. Economy and Policy 6
2.1 Customs Tariff Commission: To continue imposing export tariffs on 107 products in 2020 6
2.2 Inner Mongolia issues implementation plan for high-quality development of traditional industries 6
2.3 Chinese authorities issue Catalogue of Commodities Subject to Export License Administration (2020) 6
2.4 China, U.S. sign phase one economic and trade agreement 6
2.5 Guangxi weeds out 49,100t of backward production capacity for ferroalloy in 2020 6
2.6 NDRC: Lower power cost in epidemic period with various measures 6
2.7 State Council: Tariff exclusion applications allowed for some companies 7
2.8 GACC: No longer release import and export statistics for Jan and Feb separately 7
2.9 MEE releases ferroalloy and manganese flake industrial pollutant discharge permit application and issuance technical specification 7
2.10 China's central bank to conduct targeted RRR cuts on Mar 16 7
2.11 China's central bank to conduct targeted RRR cuts on Mar 16 7
2.12 GACC: Extend approvals for goods temporary imported and exported 7
2.13 Kazakhstan's ferroalloy production down by 9.5% MOM in Feb 7
2.14 Japan to launch biggest economic stimulus package in history 7
2.15 Malaysia extends action restrictions again 7
2.16 MNR to delegate mining rights approval of some mineral resources from 1 May 8
2.17 Bank of Japan keeps interest rate unchanged at -0.1% 8
2.18 Hebei provides subsidies to polluting industries for ultra-low emission upgrade 8
2.19 South African mining output plunges on COVID-19 lockdown 8
2.20 SARB may further cut interest rates in South Africa 8
2.21 NBS: Ferroalloy output up by 3.9% YOY in Jul 8
2.22 NDRC and Ministry of Transport: To accelerate construction of Tianjin-Hebei world-class port cluster 8
2.23 Oman's PMA considering renewing or cancelling dormant chromite mining licenses 8
2.24 China to put resources tax law into force from September 1 on 9
2.25 South Africa's cabinet approves export tax on chrome ore 9
2.26 Three authorities release tax rules for COVID-19 force majeure export returned goods 9
2.27 National Energy Administration: Taking measures to cope with tight electricity supply in South China 9
2.28 ChromeSA welcomes negotiated electricity pricing concession 9
2.29 Port construction fees to be suspended from January 1, 2021 9
3. Market Movements 9
3.1 Chinese market movements 9
3.1.1 EXW prices for HC ferrochrome Cr 52%min C 8%max (50-basis) in China 9
3.1.2 EXW prices for LC ferrochrome Cr 55%min C 0.25%max (60%-basis) in China 10
3.1.3 EXW prices for LC ferrochrome Cr 55%min C 0.1%max (60%-basis) in China 11
3.1.4 Chinese major steel mills' purchasing prices for HC ferrochrome in 2020 12
3.1.5 Prices for South African HC ferrochrome Cr 50%min C 8%max (50-basis) in Chinese ports 12
3.1.6 Prices for Indian HC ferrochrome Cr 58%min C 8%max (50-basis) in Chinese ports 13
3.1.7 Prices for Kazakhstan HC ferrochrome Cr 68%min C 8.5%max (50-basis) in Chinese ports 14
3.1.8 EXW prices for silicochromium Si 42%min Cr 30%min in China 15
3.1.9 EXW prices for chrome metal 99%min in China 16
3.1.10 Prices for South African chrome concentrate 40% in Chinese ports 17
3.1.11 Prices for Turkish chrome lump 40%min in Chinese ports 18
3.1.12 Prices for Turkish chrome concentrate 46%min in Chinese ports 19
3.2 China's Export Market Movements 20
3.2.1 FOB China prices for Chinese chrome metal 99.99%min 20
3.3 International Market Movements 21
3.2.1 Prices for HC ferrochrome Cr 60%min C 8%max in Europe 21
3.3.2 Prices for LC ferrochrome Cr 60%min C 0.1%max in Europe 22
3.3.3 Prices for HC ferrochrome Cr 60%min C 8%max in America 23
3.3.4 Prices for LC ferrochrome Cr 60%min C 0.1%max in America 24
3.3.5 Prices for HC ferrochrome Cr 60%min C 8.5%max in Russia 24
3.3.6 Prices for LC ferrochrome Cr 65%min C 0.1%max in Russia 25
3.3.7 CIF/DAF China prices for ferrochrome by country 26
3.3.7.1 CIF China prices for South African HC ferrochrome Cr 50%min C 8%max 26
3.3.7.2 CIF China prices for Indian HC ferrochrome Cr 58%min C 8%max 27
3.3.7.3 DAF China prices for Kazakhstan HC ferrochrome Cr 68%min C 8.5%max 28
3.3.8 CIF China prices for chrome ore by country 29
3.3.8.1 CIF China prices for South African chrome concentrate 40%min 29
3.3.8.2 CIF China prices for South African chrome concentrate 42%min 30
3.3.8.3 CIF China prices for Turkish chrome lump 40%min 31
3.3.8.4 CIF China prices for Turkish chrome concentrate 46%min 32
3.3.9 FOB prices for chrome ore by country 32
3.3.9.1 FOB prices for South African chrome concentrate 40%min 32
3.3.9.2 FOB prices for South African chrome concentrate 42%min 33
3.3.9.3 FOB prices for Turkish chrome lump 40%min 34
3.3.9.4 FOB prices for Turkish chrome concentrate 46%min 35
4. Company News 36
4.1 Zhengxiang Baiqi Mengneng Metallurgy maintained HC ferrochrome submerged arc furnace 36
4.2 Jilin Ferroalloy maintained LC and HC ferrochrome furnaces 36
4.3 Yunlin Ferroalloy halted HC ferrochrome production in 2020 36
4.4 Tibet Mining raised chrome ore output 36
4.5 Jucheng Mining increased HC ferrochrome production 37
4.6 Ningxia Tianyuan Manganese Industry terminated HC ferrochrome production 37
4.7 Fuxin Sanhe New Material Group started manganese and chrome alloy phase I project 37
4.9 Glencore sold 20.5% stake in Unicorn Chrome to Merafe Resources' subsidiary 37
4.10 South African BI Commodities resumed chrome ore mining 37
4.11 Glencore's South African venture With Merafe started job cuts process 37
4.12 Swedish Stirling signed MOU with Samancor 37
4.13 Jiyuan Steel raised MC ferrochrome purchase volume 38
4.14 Zimasco targets 300,000mt high grade chrome ore for export in 2020 38
4.15 South Africa keeps ferrochrome benchmark contract price for Europe in Q4 unchanged 38
4.16 Fangchengang Jiguang raised HC ferrochrome production 38
4.17 ICDA: Global chrome production impacted by Covid-19 outbreak 38
4.18 Xinye Steel reduced purchase volume for ferrochrome in Oct 38
4.19 Xingdongfang Alloys launched commercial production of LC ferrochrome 38
4.20 Zimasco resumed ferrochrome production 38
4.21 Xinganglian raised HC ferrochrome prices 38
4.22 Shuo Feng Industrial launched commercial production of HC ferrochrome 38
4.23 Mintal Group Ferrochrome suspended signing of long-term ferrochrome orders for 2021 38
5. Producers Statistics 39
5.1 Chinese producers' HC ferrochrome production capacity in 2020 39
5.2 Chinese producers' HC ferrochrome operating rate in 2020 39
5.3 Chinese producers' HC ferrochrome output in 2020 39
5.4 Chinese producers' inventory of HC ferrochrome in 2020 40
5.5 Chinese producers' LC ferrochrome production capacity in 2020 40
5.6 Chinese producers' LC ferrochrome operating rate in 2020 40
5.7 Chinese producers' LC ferrochrome output in 2020 41
5.8 Chinese producers' inventory of LC ferrochrome in 2020 41
6. Consumers Statistics 41
6.1 Chrome ore consumption in China in 2020 41
6.2 Chinese steel mills consumption for ferrochrome in 2020 42
7. Customs Statistics 42
7.1 China's chrome ore imports by month in 2020 42
7.2 China's chrome ore import volume by month by country in 2020 42
7.3 China's ferrochrome (C>4%) imports by month in 2020 42
8. Market Outlook for 2021 43
8.1 Market Outlook for China in 2021 43
8.1.1 Chinese ferrochrome 43
8.1.2 Imported ferrochrome 43
8.1.3 Chrome ore 43
8.1.4 Chrome metal 43
