Zimbabwean chrome ore prices flat in Chinese market
2023-03-29 08:29:24 [Print]
BEIJING (Asian Metal) 29 Mar 23 – Most suppliers keep their prices unchanged from late last week due to the quiet market. Currently, the mainstream prices for Zimbabwean chrome concentrate 50%min stand at RMB60-61/dmtu (USD8.86-9.01/dmtu) in warehouse Tianjin, unchanged from late last week. Insiders predict the mainstream prices would keep flat in the coming week as most suppliers have no plan to adjust their prices.
A trader from South China mentioned, "We offer RMB59/dmtu (USD8.57/dmtu) for Zimbabwean chrome concentrate 50%min and could accept the price as low as RMB58/dmtu (USD8.42/dmtu) at present, in line with late last week". They did not receive any inquiry so far this week due to the quiet market, and they last sold around 2,000t at RMB60/dmtu (USD8.71/dmtu) in early March. They have no plan to change their price and predict the mainstream prices would keep unchanged in the following week.
The trader, based on a regular monthly trading volume of around 2,000t of Zimbabwean chrome concentrate 48%min, estimates to sell around 2,000t in March, in line with February. They have around 2,000t of stocks at present.
A trader from South China disclosed, "We quote RMB59/dmtu (USD8.57/dmtu) for Zimbabwean chrome concentrate 49%min and could not accept any prices lower than RMB58.5/dmtu (USD8.50/dmtu) at present, unchanged from late last week". They did not conclude any deal so far in March and last sold around 800t at RMB61.5/dmtu (USD8.93/dmtu) in late February. They have no intention to adjust their price and estimate the mainstream prices would keep flat in the coming week.
The trader, based on a regular monthly trading volume of around 2,000t of Zimbabwean chrome concentrate 48%min, predicts that they could not conclude any deal in March, while they sold around 2,000t last month. They have around 1,000t of stocks at present.
A trader from South China mentioned, "We offer RMB59/dmtu (USD8.57/dmtu) for Zimbabwean chrome concentrate 50%min and could accept the price as low as RMB58/dmtu (USD8.42/dmtu) at present, in line with late last week". They did not receive any inquiry so far this week due to the quiet market, and they last sold around 2,000t at RMB60/dmtu (USD8.71/dmtu) in early March. They have no plan to change their price and predict the mainstream prices would keep unchanged in the following week.
The trader, based on a regular monthly trading volume of around 2,000t of Zimbabwean chrome concentrate 48%min, estimates to sell around 2,000t in March, in line with February. They have around 2,000t of stocks at present.
A trader from South China disclosed, "We quote RMB59/dmtu (USD8.57/dmtu) for Zimbabwean chrome concentrate 49%min and could not accept any prices lower than RMB58.5/dmtu (USD8.50/dmtu) at present, unchanged from late last week". They did not conclude any deal so far in March and last sold around 800t at RMB61.5/dmtu (USD8.93/dmtu) in late February. They have no intention to adjust their price and estimate the mainstream prices would keep flat in the coming week.
The trader, based on a regular monthly trading volume of around 2,000t of Zimbabwean chrome concentrate 48%min, predicts that they could not conclude any deal in March, while they sold around 2,000t last month. They have around 1,000t of stocks at present.
