Chrome Industry Annual Report 2022
2023-02-21 08:31:24 【Print】
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Contents
1. Chrome Industry Overview 4
1.1 Definition 4
1.2 Application 4
1.2.1 Metallurgy industry 4
1.2.2 Chemical industry 4
1.2.3 Refractories and cast iron 4
1.3 Type of chromium 4
1.4 Distribution of chromium resource 4
1.4.1 Distribution of chrome ore in the world 4
1.4.2 Distribution of chrome ore in China 4
1.4.3 Distribution of HC ferrochrome production in China in 2022 4
1.4.4 Distribution of LC ferrochrome production in China in 2022 5
2. Economy and Policy 5
2.1 IMF raises forecast for global economic growth in 2023 to 2.9% 5
2.2 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 5
2.3 World Bank lowers global economic growth forecast to 1.7% for 2023 5
2.4 China releases 2023 Catalogue of Goods Subject to Export License Administration 5
2.5 China to adjust import & export tariffs on some goods from Jan 1 5
2.6 UNCTAD: Global trade value expected to reach USD32 trillion by 2022 5
2.7 GACC: China's foreign trade value up by 8.6% YOY in Jan-Nov 5
2.8 MEE unveils action plan to win battle for blue skies 5
2.9 China's central bank to cut RRR by 0.25 percentage points 6
2.10 GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022 6
2.11 GACC: China's foreign trade value up by 9.9% YOY in Jan-Sep 2022 6
2.12 MEE: To launch third round of central ecological and environmental protection inspection campaign 6
2.13 IMF cuts 2023 global economic growth forecast to 2.7% 6
2.14 China to enrich raw material categories by 2025 6
2.15 GACC: China's foreign trade value up by 10.1% YOY in Jan-Aug 2022 6
2.16 GACC: China's gross imports and exports up by 10.4% YoY in Jan-Jul 6
2.17 NDRC allocates RMB2.4 billion to support construction of energy conservation and carbon reduction projects 6
2.18 ACC: China's import and export value of foreign trade up by 9.4% YoY in Jan-Jun 6
2.19 European benchmark contract price for South African ferrochrome in Q3 2022 reduces to Q1 level 6
2.20 GACC: China's import and export value of foreign trade up by 8.3% YoY in Jan-May 7
2.21 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 7
2.22 The EU issues 300 billion euro investment plan to reduce dependence on Russian energy 7
2.23 EU cuts forecasts for economic growth in 2022 and 2023 7
2.25 Tianjin issues work plan on advancing energy saving and carbon reduction in major industries 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
3.1.2 Chinese LC ferrochrome Cr55%min C0.25%max (60%-basis) EXW China 8
3.1.3 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 10
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 15
3.2 China's Export Market Movements 16
3.2.1 LC ferrochrome Cr60%min C 0.1%max (60%-basis) FOB China 16
3.3 International Market Movements 17
3.3.1 HC ferrochrome Cr60%min C8%max in Europe 17
3.3.2 LC ferrochrome Cr60%min C0.1%max in Europe 18
3.3.3 HC ferrochromeCr60%min C8%max in America 19
3.3.4 LC ferrochrome Cr60%min C0.1%max in America 20
3.3.5 HC ferrochrome Cr60% min C8.5%max in Russia 20
3.3.6 LC ferrochrome Cr65% min C0.1%max in Russia 21
3.3.7 CIF/DAF China prices for ferrochrome by country 22
3.3.7.1 South African HC ferrochrome Cr50%min C 8%max CIF China 22
3.3.7.2 Indian HC ferrochrome Cr58% min C8%max CIF China 23
3.3.7.3 Kazakhstan HC ferrochrome Cr68%min C8.5%max CIF China 24
3.3.8 CIF China prices for chrome ore by country 25
3.3.8.1 South African chrome concentrate 40%min CIF China 25
3.3.8.2 South African chrome concentrate 42%min CIF China 25
3.3.8.3 Turkish chrome lump 40%min CIF China 26
3.3.8.4 Turkish chrome concentrate 46%min CIF China 27
3.3.9 FOB prices for chrome ore by country 28
3.3.9.1 South African chrome concentrate 40%min FOB South African 28
3.3.9.2 South African chrome concentrate 42%min FOB South African 29
3.3.9.3 Turkish chrome lump 40%min FOB Turkey 30
3.3.9.4 Turkish chrome concentrate 46%min FOB Turkey 30
4. Company News 31
4.1 Qingshuihe Tiantai Chemical to decrease HC ferrochrome production 31
4.2 Yi Hui Group in Sichuan to decrease HC ferrochrome production 31
4.3 Ming Tuo Group Chromium Industry Technology to decrease HC ferrochrome production 31
4.4 Inner Mongolia Jucheng Mining to decrease HC ferrochrome production 32
4.5 Yuncheng Mengjin Ferroalloy increases HC ferrochrome production 32
4.6 Guizhou Cengong Tianyuan Smelting decreases HC ferrochrome production 32
4.7 Beijing Runtianlong International Trade stops HC ferrochrome production 32
4.8 Fu'an Tongsheng Alloyed Products stops LC ferrochrome production 32
4.9 Shangdu Yezhao Metallurgy reduces HC ferrochrome production 32
4.10 Liaoning Jinyuan Iron and Steel stops HC ferrochrome production 32
4.11 Baoji Houde Naimo Material to increase HC ferrochrome production 32
4.12 Zhong Qi Xiaolong Charge to decrease HC ferrochrome production 32
4.13 Inner Mongolia Jucheng Mining to increase HC ferrochrome production 32
4.14 Inner Mongolia Jucheng Mining to increase HC ferrochrome production 32
4.15 Guanghan Xinlei Metallurgical Materials stops HC ferrochrome production 33
4.16 Zhongtai Ferronickel increases HC ferrochrome production 33
4.17 Yuncheng Mengjin Ferroalloy to decrease HC ferrochrome production 33
4.18 Sinosteel Group Jilin Ferroalloy to decrease HC ferrochrome production 33
4.19 Guangxi Guanglin Jiguang Material to reproduce HC ferrochrome 33
4.20 Ya'an Hengshun Industry and Trade stops silicon chromium production 33
4.21 Yi Hui Group in Sichuan to decrease HC ferrochrome production 33
4.22 Shangdu Yezhao Metallurgy to increase HC ferrochrome production 33
4.23 Guizhou Cengong Tianyuan Smelting stops HC ferrochrome production 33
4.24 Guizhou Dalong Haihong Silicon Industry starts to produce HC ferrochrome 33
4.25 Zhenyuan Huajian Ferroalloy stops HC ferrochrome production 34
4.26 Ulanqab City Grand Bright New Material to reproduce HC ferrochrome 34
4.27 Pinglu Changlong Special Steel Charge to reproduce LC ferrochrome 34
4.28 Baise Xinzhong Manganese Industry increases HC ferrochrome production 34
4.29 Guanghan Xinlei Metallurgical Materials stops LC ferrochrome production 34
4.30 Wulat Zhongqi Aeon Ferroalloy starts to produce LC ferrochrome 34
4.31 Guizhou Cengong Tianyuan Smelting starts to produce HC ferrochrome 34
4.32 Ming Tuo Group Chromium Industry Technology increases HC ferrochrome production 34
4.33 Inner Mongolia Xiaolong Charge decreases HC ferrochrome production 34
4.34 Shangdu Yezhao Metallurgy increases HC ferrochrome production 34
4.35 Zhenyuan Huajian Ferroalloy to reproduce HC ferrochrome 34
4.36 Yuncheng Mengjin Ferroalloy stops HC ferrochrome production 35
4.37 Yuncheng Mengjin Ferroalloy reduces HC ferrochrome output 35
4.38 Inner Mongolia Kehan Metallurgy stops HC ferrochrome production 35
4.39 Yuncheng Mengjin Ferroalloy to reproduce in May 35
4.40 Chuangyuanda Ferroalloy increases LC ferrochrome production 35
4.41 Yuncheng Mengjin Ferroalloy to increase HC ferrochrome production 35
4.42 Zhongtai Ferronickel decreases HC ferrochrome production 35
4.43 Rishengzhibo Metallurgy to stop LC ferrochrome production 35
5. Producers Statistics 35
5.1 Chinese producers' HC ferrochrome production capacity in 2022 35
5.2 Chinese producers' HC ferrochrome operating rate in 2022 36
5.3 Chinese producers' HC ferrochrome output in 2022 36
5.4 Chinese producers' inventory of HC ferrochrome in 2022 36
5.5 Chinese producers' LC ferrochrome production capacity in 2022 37
5.6 Chinese producers' LC ferrochrome operating rate in 2022 37
5.7 Chinese producers' LC ferrochrome output in 2022 37
5.8 Chinese producers' inventory of LC ferrochrome in 2022 38
6. Consumers Statistics 38
6.1 Chrome ore consumption in China in 2022 38
7. Customs Statistics 38
7.1 China's chrome ore imports in 2022 38
7.2 China's ferrochrome (C>4%) imports by month in 2022 38
8. Supply and Demand outlook for 2022 39
8.1 Chinese Market Outlook for 2022 39
8.1.1 Chinese ferrochrome 39
8.1.2 Imported ferrochrome 39
8.1.3 Chrome ore 39
8.1.4 Chrome metal 39
1. Chrome Industry Overview 4
1.1 Definition 4
1.2 Application 4
1.2.1 Metallurgy industry 4
1.2.2 Chemical industry 4
1.2.3 Refractories and cast iron 4
1.3 Type of chromium 4
1.4 Distribution of chromium resource 4
1.4.1 Distribution of chrome ore in the world 4
1.4.2 Distribution of chrome ore in China 4
1.4.3 Distribution of HC ferrochrome production in China in 2022 4
1.4.4 Distribution of LC ferrochrome production in China in 2022 5
2. Economy and Policy 5
2.1 IMF raises forecast for global economic growth in 2023 to 2.9% 5
2.2 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 5
2.3 World Bank lowers global economic growth forecast to 1.7% for 2023 5
2.4 China releases 2023 Catalogue of Goods Subject to Export License Administration 5
2.5 China to adjust import & export tariffs on some goods from Jan 1 5
2.6 UNCTAD: Global trade value expected to reach USD32 trillion by 2022 5
2.7 GACC: China's foreign trade value up by 8.6% YOY in Jan-Nov 5
2.8 MEE unveils action plan to win battle for blue skies 5
2.9 China's central bank to cut RRR by 0.25 percentage points 6
2.10 GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022 6
2.11 GACC: China's foreign trade value up by 9.9% YOY in Jan-Sep 2022 6
2.12 MEE: To launch third round of central ecological and environmental protection inspection campaign 6
2.13 IMF cuts 2023 global economic growth forecast to 2.7% 6
2.14 China to enrich raw material categories by 2025 6
2.15 GACC: China's foreign trade value up by 10.1% YOY in Jan-Aug 2022 6
2.16 GACC: China's gross imports and exports up by 10.4% YoY in Jan-Jul 6
2.17 NDRC allocates RMB2.4 billion to support construction of energy conservation and carbon reduction projects 6
2.18 ACC: China's import and export value of foreign trade up by 9.4% YoY in Jan-Jun 6
2.19 European benchmark contract price for South African ferrochrome in Q3 2022 reduces to Q1 level 6
2.20 GACC: China's import and export value of foreign trade up by 8.3% YoY in Jan-May 7
2.21 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 7
2.22 The EU issues 300 billion euro investment plan to reduce dependence on Russian energy 7
2.23 EU cuts forecasts for economic growth in 2022 and 2023 7
2.25 Tianjin issues work plan on advancing energy saving and carbon reduction in major industries 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
3.1.2 Chinese LC ferrochrome Cr55%min C0.25%max (60%-basis) EXW China 8
3.1.3 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 10
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 15
3.2 China's Export Market Movements 16
3.2.1 LC ferrochrome Cr60%min C 0.1%max (60%-basis) FOB China 16
3.3 International Market Movements 17
3.3.1 HC ferrochrome Cr60%min C8%max in Europe 17
3.3.2 LC ferrochrome Cr60%min C0.1%max in Europe 18
3.3.3 HC ferrochromeCr60%min C8%max in America 19
3.3.4 LC ferrochrome Cr60%min C0.1%max in America 20
3.3.5 HC ferrochrome Cr60% min C8.5%max in Russia 20
3.3.6 LC ferrochrome Cr65% min C0.1%max in Russia 21
3.3.7 CIF/DAF China prices for ferrochrome by country 22
3.3.7.1 South African HC ferrochrome Cr50%min C 8%max CIF China 22
3.3.7.2 Indian HC ferrochrome Cr58% min C8%max CIF China 23
3.3.7.3 Kazakhstan HC ferrochrome Cr68%min C8.5%max CIF China 24
3.3.8 CIF China prices for chrome ore by country 25
3.3.8.1 South African chrome concentrate 40%min CIF China 25
3.3.8.2 South African chrome concentrate 42%min CIF China 25
3.3.8.3 Turkish chrome lump 40%min CIF China 26
3.3.8.4 Turkish chrome concentrate 46%min CIF China 27
3.3.9 FOB prices for chrome ore by country 28
3.3.9.1 South African chrome concentrate 40%min FOB South African 28
3.3.9.2 South African chrome concentrate 42%min FOB South African 29
3.3.9.3 Turkish chrome lump 40%min FOB Turkey 30
3.3.9.4 Turkish chrome concentrate 46%min FOB Turkey 30
4. Company News 31
4.1 Qingshuihe Tiantai Chemical to decrease HC ferrochrome production 31
4.2 Yi Hui Group in Sichuan to decrease HC ferrochrome production 31
4.3 Ming Tuo Group Chromium Industry Technology to decrease HC ferrochrome production 31
4.4 Inner Mongolia Jucheng Mining to decrease HC ferrochrome production 32
4.5 Yuncheng Mengjin Ferroalloy increases HC ferrochrome production 32
4.6 Guizhou Cengong Tianyuan Smelting decreases HC ferrochrome production 32
4.7 Beijing Runtianlong International Trade stops HC ferrochrome production 32
4.8 Fu'an Tongsheng Alloyed Products stops LC ferrochrome production 32
4.9 Shangdu Yezhao Metallurgy reduces HC ferrochrome production 32
4.10 Liaoning Jinyuan Iron and Steel stops HC ferrochrome production 32
4.11 Baoji Houde Naimo Material to increase HC ferrochrome production 32
4.12 Zhong Qi Xiaolong Charge to decrease HC ferrochrome production 32
4.13 Inner Mongolia Jucheng Mining to increase HC ferrochrome production 32
4.14 Inner Mongolia Jucheng Mining to increase HC ferrochrome production 32
4.15 Guanghan Xinlei Metallurgical Materials stops HC ferrochrome production 33
4.16 Zhongtai Ferronickel increases HC ferrochrome production 33
4.17 Yuncheng Mengjin Ferroalloy to decrease HC ferrochrome production 33
4.18 Sinosteel Group Jilin Ferroalloy to decrease HC ferrochrome production 33
4.19 Guangxi Guanglin Jiguang Material to reproduce HC ferrochrome 33
4.20 Ya'an Hengshun Industry and Trade stops silicon chromium production 33
4.21 Yi Hui Group in Sichuan to decrease HC ferrochrome production 33
4.22 Shangdu Yezhao Metallurgy to increase HC ferrochrome production 33
4.23 Guizhou Cengong Tianyuan Smelting stops HC ferrochrome production 33
4.24 Guizhou Dalong Haihong Silicon Industry starts to produce HC ferrochrome 33
4.25 Zhenyuan Huajian Ferroalloy stops HC ferrochrome production 34
4.26 Ulanqab City Grand Bright New Material to reproduce HC ferrochrome 34
4.27 Pinglu Changlong Special Steel Charge to reproduce LC ferrochrome 34
4.28 Baise Xinzhong Manganese Industry increases HC ferrochrome production 34
4.29 Guanghan Xinlei Metallurgical Materials stops LC ferrochrome production 34
4.30 Wulat Zhongqi Aeon Ferroalloy starts to produce LC ferrochrome 34
4.31 Guizhou Cengong Tianyuan Smelting starts to produce HC ferrochrome 34
4.32 Ming Tuo Group Chromium Industry Technology increases HC ferrochrome production 34
4.33 Inner Mongolia Xiaolong Charge decreases HC ferrochrome production 34
4.34 Shangdu Yezhao Metallurgy increases HC ferrochrome production 34
4.35 Zhenyuan Huajian Ferroalloy to reproduce HC ferrochrome 34
4.36 Yuncheng Mengjin Ferroalloy stops HC ferrochrome production 35
4.37 Yuncheng Mengjin Ferroalloy reduces HC ferrochrome output 35
4.38 Inner Mongolia Kehan Metallurgy stops HC ferrochrome production 35
4.39 Yuncheng Mengjin Ferroalloy to reproduce in May 35
4.40 Chuangyuanda Ferroalloy increases LC ferrochrome production 35
4.41 Yuncheng Mengjin Ferroalloy to increase HC ferrochrome production 35
4.42 Zhongtai Ferronickel decreases HC ferrochrome production 35
4.43 Rishengzhibo Metallurgy to stop LC ferrochrome production 35
5. Producers Statistics 35
5.1 Chinese producers' HC ferrochrome production capacity in 2022 35
5.2 Chinese producers' HC ferrochrome operating rate in 2022 36
5.3 Chinese producers' HC ferrochrome output in 2022 36
5.4 Chinese producers' inventory of HC ferrochrome in 2022 36
5.5 Chinese producers' LC ferrochrome production capacity in 2022 37
5.6 Chinese producers' LC ferrochrome operating rate in 2022 37
5.7 Chinese producers' LC ferrochrome output in 2022 37
5.8 Chinese producers' inventory of LC ferrochrome in 2022 38
6. Consumers Statistics 38
6.1 Chrome ore consumption in China in 2022 38
7. Customs Statistics 38
7.1 China's chrome ore imports in 2022 38
7.2 China's ferrochrome (C>4%) imports by month in 2022 38
8. Supply and Demand outlook for 2022 39
8.1 Chinese Market Outlook for 2022 39
8.1.1 Chinese ferrochrome 39
8.1.2 Imported ferrochrome 39
8.1.3 Chrome ore 39
8.1.4 Chrome metal 39
