Eastplats Announces 2024 Q2 Chrome Ore Production

Published: Aug 15, 2024 09:43

Source: SMM

Save

According to Eastplats' 2024 Q2 report, revenue for Q2 2024 fell to $18.8 million (Q2 2023: $36.6 million), down $17.8 million or 48.6% YoY.

According to Eastplats' 2024 Q2 report, revenue for Q2 2024 fell to $18.8 million (Q2 2023: $36.6 million), down $17.8 million or 48.6% YoY. Year-to-date revenue for 2024 fell to $34.5 million (YTD 2023: $54.7 million), down $20.2 million or 36.9% YoY.

Chrome ore production for Q2 2024 was 72,300 mt, down 43% YoY (Q2 2023: 127,100 mt) and down 9.5% QoQ (Q1 2024: 79,900 mt). Total chrome ore production for H1 2024 was 152,200 mt, down 44% YoY (H1 2023: 274,200 mt).

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

2 hours ago

Tug-of-war Between Supply and Demand Continues, Magnesium Ingot Market Under Pressure as Peak Season Falls Through [SMM Magnesium Ingot Spot Express]

[Supply-Demand Tug-of-War Persists, Magnesium Ingot Market Under Pressure as Peak Season Falls Short] High magnesium ingot inventory combined with increased supply, while domestic and overseas demand remains weak. The September-October peak season failed to materialize. Despite cost support, price hike transmission is sluggish, and the overall market remains under pressure.

2 hours ago

[SMM Manganese Ore Weekly Review] Pre-Holiday Stockpiling Falls Short of Expectations Spot Manganese Ore Prices Generally Decline

Sep 21 news: North ports: 46% Australian lumps at 40.3-40.8 yuan/mtu, flat WoW; South African semi-carbonate at 33.5-33.8 yuan/mtu, down WoW; Gabonese at 39.1-39.3 yuan/mtu, down WoW; South African high-iron at 28.8-29.3 yuan/mtu, flat WoW; South African medium-iron at 35.2-35.5 yuan/mtu, down WoW. South ports: 46% Australian lumps at 42.7-43.2 yuan/mtu, flat WoW; South African semi-carbonate at 36-36.5 yuan/mtu, down WoW; Gabonese at 40.3-40.8 yuan/mtu, flat WoW; South African high-iron at 29.3-29.8 yuan/mtu, down WoW; South African medium-iron at 37.1-37.6 yuan/mtu, up WoW. Inquiry activity in the manganese ore market remains sluggish, pre-holiday stockpiling and the traditional peak season have fallen short of expectations, and port spot prices in both north and south China are broadly declining.

2 hours ago

Futures Consolidate on a Subdued Note; Steel Tender Pricing Provides Relatively Small Boost [SMM SiMn Weekly Review]

As of this Friday, SiMn 6517 (cash) in north China was at yuan 5,900-5,950/mt, up WoW from last Friday; SiMn 6517 (cash) in south China was at yuan 5,950-6,000/mt, up WoW from last Friday, and SiMn 6014 (cash) in south China was at yuan 5,450-5,550/mt, up WoW from last Friday. Recently, SiMn futures consolidated on a weak note, with pessimism and wait-and-see sentiment still prevailing in the market.

2 hours ago