Zimbabwean chrome ore suppliers hold positive attitudes
2023-04-27 08:28:37 [Print]
BEIJING (Asian Metal) 27 Apr 23 – Most suppliers hold positive attitudes towards the market prices due to the increased prices of South African chrome ore. Currently, the mainstream prices for Zimbabwean chrome concentrate 50%min stand at RMB59-60/dmtu (USD8.58-8.72/dmtu) in warehouse Tianjin, up by RMB1-2/dmtu (USD0.14-0.28/dmtu) from late last week. Insiders predict the mainstream prices would increase in the coming week due to the positive attitudes.
A trader from North China mentioned that they hold positive attitudes towards the market prices and predict the mainstream prices would increase in the coming week following the increased prices of South African chrome ore. "We offer RMB60/dmtu (USD8.72/dmtu) for Zimbabwean chrome concentrate 50%min with no concession at present, while we quoted RMB58.5/dmtu (USD8.45/dmtu) late last week", adding the trader. They last sold around 1,000t at RMB60/dmtu (USD8.72/dmtu) early this week. They might increase their price in the coming week.
The trader, based on a regular monthly trading volume of around 7,000t of Zimbabwean chrome concentrate 50%min, predicts to sell around 7,000t in April, unchanged from March. They have around 2,000t of stocks at present.
A trader from North China mentioned, "We hold positive attitudes towards the market outlook and predict the mainstream prices would move up in the following week because of the increased prices of South African chrome ore". They offer RMB59/dmtu (USD8.52/dmtu) for Zimbabwean chrome concentrate 49%min with no concession at present, up by RMB1/dmtu (USD0.14/dmtu) from late last week". They last sold around 1,000t at RMB61/dmtu (USD8.81/dmtu) in late February. They might increase their price in the coming week.
The trader, based on a regular monthly trading volume of around 2,000t of Zimbabwean chrome concentrate 50%min, predicts to sell around 2,000t in April, while they did not close any deal in March. They have around 2,000t of stocks at present.
A trader from North China mentioned that they hold positive attitudes towards the market prices and predict the mainstream prices would increase in the coming week following the increased prices of South African chrome ore. "We offer RMB60/dmtu (USD8.72/dmtu) for Zimbabwean chrome concentrate 50%min with no concession at present, while we quoted RMB58.5/dmtu (USD8.45/dmtu) late last week", adding the trader. They last sold around 1,000t at RMB60/dmtu (USD8.72/dmtu) early this week. They might increase their price in the coming week.
The trader, based on a regular monthly trading volume of around 7,000t of Zimbabwean chrome concentrate 50%min, predicts to sell around 7,000t in April, unchanged from March. They have around 2,000t of stocks at present.
A trader from North China mentioned, "We hold positive attitudes towards the market outlook and predict the mainstream prices would move up in the following week because of the increased prices of South African chrome ore". They offer RMB59/dmtu (USD8.52/dmtu) for Zimbabwean chrome concentrate 49%min with no concession at present, up by RMB1/dmtu (USD0.14/dmtu) from late last week". They last sold around 1,000t at RMB61/dmtu (USD8.81/dmtu) in late February. They might increase their price in the coming week.
The trader, based on a regular monthly trading volume of around 2,000t of Zimbabwean chrome concentrate 50%min, predicts to sell around 2,000t in April, while they did not close any deal in March. They have around 2,000t of stocks at present.
