【SMM Announcement】Announcement on the Addition of Chrome Ore CIF Price Points

Published: Dec 25, 2024 17:15

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Dear Customers,

Greetings! To provide more accurate and effective feedback on the domestic chrome ore market trends and better serve customers in the chrome industry chain, as well as to enhance the reference value of price quotations, SMM plans to officially launch daily CIF price points for chrome ore on December 25. A total of five new price points will be added: South Africa 40-42% chrome concentrate ore (CIF), South Africa 38% chrome lump ore (CIF), South Africa 40-42% raw chrome ore (CIF), Turkey 40-42% chrome lump ore (CIF), and Turkey 46-48% chrome concentrate ore (CIF).

1. Price Assessment (Calculation)

Before 11:30 AM on working days (excluding Chinese statutory holidays and weekends).

2. Pricing Unit and Presentation Format

South Africa 40-42% chrome concentrate ore (CIF) Specification: Chromium oxide content 40-42%

South Africa 38% chrome lump ore (CIF) Specification: Chromium oxide content not less than 38%

South Africa 40-42% raw chrome ore (CIF) Specification: Chromium oxide content 40-42%

Turkey 40-42% chrome lump ore (CIF) Specification: Chromium oxide content 40-42%

Turkey 46-48% chrome concentrate ore (CIF) Specification: Chromium oxide content 46-48%

Reference Standard: YB/T 5277-2014

Quotation Unit: $/mt

Presentation Format: Range prices

Online Update Time: Starting from December 25, 2024, before 11:30 AM on working days (excluding Chinese statutory holidays and weekends).

We welcome more related enterprises in the industry chain to participate and support SMM in better serving enterprises in the chrome industry chain. If you have any questions, please feel free to contact Cong Wang at 021-5166 6838 or Wenfei Gao at 021-5166 6852.

SMM Stainless Steel and Raw Material Research Team
December 24, 2024

Chromium Price

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.

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