Daily Review of High carbon ferrochromium on April 27, 2020

Last week, total national stocks of chromium mines rose by about 3 per cent to 4.13 million tons last week, and the impact of the blockade on chromium stocks since March 37 in South Africa has not yet been apparent. Chromium mine domestic plate quotation smooth operation, downstream iron plant due to the mainstream stainless steel recruitment price has not been announced, most of the factories choose to continue to wait for the tender price is clear and then consider the implementation of chromium ore procurement, the recent chromium mine price stabilized mainly, South Africa 40-42% chromium concentrate spot quotation 29-32 yuan / tonne, outer plate 150-155 US dollars / ton, 38-40% raw ore quoted 33-35 yuan / ton, outer plate price 155-165 US dollars / ton. The production and supply of overseas mines will resume after May, but the problems of inland transport and port storage capacity have not yet been solved, so the short-term chromium ore supply and transport cycle will be prolonged, but the possibility of long-term supply shortage is less likely.