Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Chrome Ore Shipments in Tianjin are Disrupted by Sudden Aggravation of Pandemic

Chrome Ore Shipments in Tianjin are Disrupted by Sudden Aggravation of Pandemic

Sep 27, 2022 15:25

Source:SMM

If the pandemic cannot be contained, the delivery of cargoes will be further blocked, which may affect the following production of ferrochrome.

SHANGHAI, Sep 27 (SMM) – The COVID-19 pandemic situation in Tianjin deteriorated yesterday, with another 42 cases being confirmed. In response, the city has put some areas in a lockdown, starting from CST 4:25 am, September 27, so as to contain the spread of the disease.

According to SMM survey, due to the sudden increase of covid-19 cases in Tianjin, chrome ore shipments from many yards owned by Beijiang Warehouse were disrupted, while shipments from Nanjiang Warehouse were little affected. The transportation is current resuming in the wake of cautious inspection on the yards. As the National Day holiday is around the corner, some ferrochrome plants still had restocking demand for raw materials. However, due to the enduring high prices of chrome ore, the ferrochrome plants who suffered losses mainly purchased in small amount and on rigid demand. If the pandemic cannot be contained, the delivery of cargoes will be further blocked, which may affect the following production of ferrochrome.

SMM will keep a close eye on the latest development.

Market

Market

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Strong Fundamentals to Underpin Copper Prices in the Short Term

SHANGHAI, Aug 5 (SMM) - Following a small rebound, SHFE and LME copper fell again this week, with SHFE copper down for three consecutive days, and LME copper down for four consecutive days.

time

Aug 5, 2022 11:45

Strong Fundamentals to Underpin Copper Prices in the Short Term

SMM Morning Comments (Aug 5): Base Metals Closed Mostly with Gains amid Falling US Dollar Index

LME and SHFE base metals closed mostly with gains as the US dollar index ended its short-term rebound and closed down by 0.55% yesterday. The Bank of England raised the interest rates by 50 basis points on Thursday, the largest increase in 27 years, and at the same time warned that a long-term recession was coming.

time

Aug 5, 2022 10:00

SMM Morning Comments (Aug 5): Base Metals Closed Mostly with Gains amid Falling US Dollar Index

Will High-Carbon Ferrochrome Price End its Three-Month Long Downward Trend approaching the Peak Season?

However, the production cut wills weakened with the estimated restoring profits following the fall in the prices of chrome ore and coke. Ferrochrome plants, especially those in north China, maintained high operating rates with cost advantage.

time

Aug 4, 2022 16:35

Will High-Carbon Ferrochrome Price End its Three-Month Long Downward Trend approaching the Peak Season?

Sulphuric Acid Prices Drop Slightly, Hurting the Profits of Lead and Zinc Smelters

According to SMM research, sulphuric acid prices dropped slightly recently by more than 100 yuan/mt after staying stably high since mid-July, which is related to factors such as low operating rates of downstream chemical enterprise.

time

Aug 4, 2022 10:28

Sulphuric Acid Prices Drop Slightly, Hurting the Profits of Lead and Zinc Smelters

SHFE Nickel Once Fell by More Than 3%, But Rebounded amid the Low Inventory

SHFE nickel fell overnight and continued to decline today. SHFE nickel once fell 3.27%, but the decline narrowed to 0.99% as of the closing of the day. As of 15:02, LME nickel fell by more than 1.46%.

time

Aug 2, 2022 17:04

SHFE Nickel Once Fell by More Than 3%, But Rebounded amid the Low Inventory

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

The light rare earth market extended the weakness today, with prices of PrNd oxide and alloy falling further. Separation companies were not very enthusiastic in making offers. The mainstream prices of PrNd oxide stood at 770,000-780,000 yuan/mt.

time

Aug 2, 2022 14:37

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

From July 25, 2022, to July 31, the throughput of copper scrap in the East China Nonferrous Metals Market was 8,300 mt, down 1.72% WoW.

time

Aug 2, 2022 10:16

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

SMM Morning Comments (Aug 2): Base Metals Closed Mostly with Losses amid Re-surfacing Recession Worries

LME and SHFE base metals closed mostly with losses because following the previously poor US GDP data, the manufacturing PMI, ISM new orders index, and monthly rate of construction expenditure of the US in July, which were released on Monday, all declined.

time

Aug 2, 2022 10:00

SMM Morning Comments (Aug 2): Base Metals Closed Mostly with Losses amid Re-surfacing Recession Worries

SHFE Tin Once Rose by More Than 6% but then was Affected by the Sufficient Supply and weak Demand

SHFE tin rose sharply today by 6.13%, but the increase narrowed to 4.38% as of the closing of the day. LME tin once rose by 2.35% and the increase narrowed to 1.41% as of 15:28, less than SHFE tin.

time

Aug 1, 2022 17:31

SHFE Tin Once Rose by More Than 6% but then was Affected by the Sufficient Supply and weak Demand

Positive News Boosted Power Battery Recycling Sector Significantly

Stocks in the power battery recycling sector advanced rapidly after today's opening, with an increase of more than 4% at one point. Specially, Dcenti hit daily limit, Narada Power rose more than 17%, and other stocks such as Huayou Cobalt, CNGR, Guanghua Sci-tech, and Camel Group all climbed more than 6%.

time

Aug 1, 2022 15:11

Industry SMM Insight

Positive News Boosted Power Battery Recycling Sector Significantly

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.