Local Chinese chrome ore and ferrochrome prices - week 1, 2024

Friday, 05 January 2024 14:05:58 (GMT+3)   |   Istanbul

Source   

Destination   

Product   

Price   

Price change   

Sales term   

Turkey   

China   

Cr2O3 42% chrome ore lump   

$461/mt 

  
-$1/mt

VAT (FOT)

S. Africa   

China   

Cr2O3 42% chrome ore concentrate   

$394/mt 

  
-$1/mt

VAT (FOT)

China   

Local Chinese market   

FeCr55C 1000 ferrochrome (Sichuan)

RMB 9,570 /mt 
($1,347/mt) 

-
(-$4/mt) 

Ex-works

The local Chinese market price includes 13 percent VAT.

Exchange rate fluctuations are taken into consideration when calculating the weekly price changes.   

$1 = RMB 7.1029

Source: Steelhome

ElifKefeli
Elif Kefeli
Editor
All Articles by the Author

I graduated from Yeditepe University’s Department of Translation and Interpreting Studies in 2017. I joined SteelOrbis in 2021, where I currently work as a content specialist. I am writing news reports and industry-related content with a special focus on decarbonization, green steel, sustainability, and recycling.

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